Ethereum is preparing for its next big upgrade, known as Pectra, which is expected to launch in March 2025. Before it goes live on the main Ethereum network, developers will test the upgrade on two smaller networks, Sepolia and Holesky, in February. If those tests go smoothly, the upgrade will proceed as planned.
The Pectra upgrade was originally designed to include many improvements, but developers decided to split it into two parts to make the process more manageable. The first part of Pectra will introduce key updates to make Ethereum more secure and user-friendly. One major change will improve how transactions work by allowing Ethereum account addresses to temporarily act as smart contract wallets. This feature makes transactions safer by reducing the need for users to approve each one manually, lowering the risk of falling for phishing scams. Another update will allow validators, who secure the Ethereum network, to stake more ETH, making the network more efficient and easier to maintain.
These changes are important because they make Ethereum safer and more scalable while addressing the needs of its growing user base. By reducing risks and improving how the network operates, the Pectra upgrade will help ensure Ethereum remains a leading blockchain platform.