Ethereum Successfully Completes Pectra Upgrade, Revolutionizing Staking and User Experience

Ethereum has successfully implemented its groundbreaking Pectra upgrade on the mainnet, marking a significant step forward for scalability and decentralization. This major update, which took effect on May 7, 2023 at epoch 364032, introduces new Ethereum Improvement Proposals (EIPs) to enhance staking efficiency, wallet usability, and layer-2 blockchain performance. It lays the foundation for Ethereum’s long-term scaling strategy.