Ethereum’s Pectra Upgrade Introduces New Risks, Challenges & Opportunities

Ethereum’s recent Pectra upgrade (EIP-7702) has been implemented, bringing about significant changes to wallets and gas payments. While the upgrade marks a major step forward for scalability and efficiency, it also introduces new security risks that require close attention from all stakeholders. EIP-7702 brings crucial improvements like enhanced user account abstraction and network scalability, but it comes with increased vulnerabilities demanding vigilance. Security firm SlowMist confirmed this development, noting EIP-7702’s activation, and ChainCatcher has reported on the update.