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SYSTEM PROCESSING...
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SYSTEM PROCESSING...
Posted: 2025-05-08 17:00:32 UTC
This article contains some claims that remain unverified. While much of the content may be accurate, exercise care when relying on this information.
This article contains some claims that remain unverified. While much of the content may be accurate, exercise care when relying on this information.
Status
Last Updated
2025-05-08 17:00:50 UTC
Verified By
Rollup News
The Ethereum Pectra update introduces 11 new EIPs to enhance the ecosystem by making it more convenient, cheaper, and faster. It focuses on improving wallet functionality, L2 interworking, validator experience, and smart contract capabilities.
Improved wallet functionality with EIP-7702, enabling smart wallet features for ordinary wallets.
Enhanced L2 interworking through EIP-7691, EIP-7623, EIP-7840, reducing commissions and improving transfer speeds.
Better validator experience with EIP-7251, EIP-7002, EIP-6110, EIP-7549, allowing higher ETH holdings and automated staking reinvestments.
Enhanced smart contracts and blockchain history via EIP-7685, EIP-2537, EIP-2935, accelerating cross-chain transactions and reducing gas costs.
The update's impact on ETH price is expected to be minimal as such developments are already factored into the market.