Ethereum Developers Set May 7th as Deadline for Pectra Upgrade

Ethereum’s development team has announced May 7th as the target date for the implementation of the Pectra upgrade, a significant milestone for the blockchain that will reshape its functionality and efficiency. This update focuses on improving user experience by integrating ‘smart contract’ functionalities into wallets, making them more accessible and easier to manage. The Pectra upgrade also introduces EIP-7251, enhancing Ethereum validators’ capabilities by increasing ETH staking capacity from 32 to a substantial 2,048.