Ethereum has just received a serious renovation. On May 7, Pectra’s eagerly awaited upgrade was finally put online on the Mainnet, and the developers called it one of the most important updates in the network since the merger. It brings a ton of new features, more flexibility for portfolios, better data management and major changes for staking. With the upgrade of Ethereum Pectra, portfolios can now act more as intelligent contracts, giving users new features. But like any major upgrade, it is also delivered with a few headache. Some users are already worried about security.
What is in the Pectra package?
Let’s decompose it. Pectra is a combo upgrade that includes both the Prague and Electra changes, affecting Ethereum execution and consensus layers.
Pectra is put online and finalized
! The newly activated EIP test continues.
– Timbeiko.eth (@timbeiko) May 7, 2025
! The newly activated EIP test continues.Discover: Top 20 crypto to buy in May 2025
There are 11 proposals for Ethereum improvement (EIPS), but three receive most of the attention:
- EIP-7702 Presentation of “the abstraction of the accounts”, which seems technical, but essentially allows that your regular portfolio behaves more as an intelligent contract. This means that you can do things like signing several transactions at a time, recover your wallet if you lose access and even sometimes skip gas if a third party covers it.
- EIP-7251 Increases the validator’s ignition cap from 32 ETH to 2,048 ETH. This changes the game for great players such as the clearing services and institutional validators. Fewer validators, lower material requests and a more effective network.
- EIP-7691 helps to evolve things by expanding Blobspace. This is good news for layer 2 solutions like Arbitrum and Optimism, which rely on this for cheaper and faster transactions.
Interesting features, but are they sure?
This is where things get complicated. Although these upgrades are powerful, some come with warnings. For example, EIP-3074Who adds new instructions called Authcall, allows users to allow intelligent contracts to act on their behalf. It seems practical, right? It is, until you accidentally sign a message from a malicious contract that drains your wallet with one click.
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And with EIP-7702There is another catch. If users are not careful, they could give too much access to the contracts that they do not fully understand. Security researchers already urges people to reveal what they report and interact only with the contracts they trust.
The more I dig in EIP-7702, the more problems I find
As usual, too much media threshing. I strongly doubt that 7702 will bring the UX improvements that we all hope.
Here is my review 7702:
1. In terms of signatory abstraction, we regressed@ 4337 Intelligent contract portfolios (SWC) have a very beautiful …
– Joaquim (@joenrv) January 15, 2025
The upgrade of Ethereum is accompanied by more power, but also with more responsibilities. As a safety blog said, “you can now do smarter things with your wallet, but you can also make smarter mistakes.”
Ethereum pectra upgrade: how does the market take it?
Quite calmly, in fact. ETH ranges approximately $ 1,830 since the upgrade. It’s a slight bump, but nothing dramatic. Analysts say it’s normal. These upgrades set the foundations for future growth, not on the price today.
In short, Ethereum is not a moon, but it matures definitively.
Look forward to
Pectra is a big step forward for Ethereum. It gives users more control, developers more tools and the more efficient network. But with more options, it comes more complexity, and not everyone is ready for this.
The next few weeks will be to learn to use these new features without falling into traps. For the moment, the ETH is stable, users are cautious and the long -term vision of Ethereum has become a little clearer – and a little more risky.
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Main to remember
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Ethereum Pectra upgrade was posted on May 7, introducing major changes both to execution and consensual layers via 11 EIP.
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EIP-7702 allows the abstraction of accounts, allowing portfolios to operate more as intelligent contracts with features such as lots transactions and gas-free operations.
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The EIP-7251 increases the ship ceiling by validator from 32 ETH to 2,048 ETH, rationalizing the network for institutional implementation operations.
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Security experts have reported potential risks with new features such as EIP-3074 and EIP-7702, warning users to be careful with contractual authorizations.
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The price of the ETH has remained stable around $ 1,830 after upgrading, signaling market confidence but the prudent adoption of new capacities.
The pectra upgrade of Post Ethereum is online with major changes and greater risks appeared first on 99Bitcoins.
