Ethereum Mainnet to Execute Pectra Upgrade on May 7
Tim Beiko, the protocol support lead of the Ethereum Foundation, stated that the Pectra upgrade will go live on the mainnet on May 7th, with an expected epoch height of 364032.
It is reported that Pectra introduces EIP-7702, allowing standard Ethereum accounts (EOAs) to extend smart contract functionality, supporting use cases such as batch transactions, Gas sponsorship, or social recovery; for validators, Pectra introduces a function to increase the effective balance of validators.
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