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Back in March, Ethereum had one of its biggest upgrades to date. Dencun (Ethereum’s most recent upgrade) was the most important hard fork since the historic Merge that took place in September 2022.
Ethereum’s next hard fork is Pectra, which is set to take place in Q1 2025, and it’s a big one. So big in fact that Ethereum developers have made the decision to split it in two. That’s because it was originally set to include over 20 Ethereum Improvement Proposals, or EIPs. For perspective, the Dencun upgrade had just 9 EIPs.
One of the biggest improvements is with wallets. As a fun bonus fact: the EIP that makes this change is EIP-7702, which replaces EIP-3074 (which had a similar intention, but there were a few flaws). Vitalik Buterin wrote the code for EIP-7702 in just 22 minutes. Crazy stuff.
Anyway, Pectra’s impact will not only improve the user experience (UX) of Ethereum, but it could be the very catalyst that ETH has been crying out for to hit new all-time highs. Make no mistake, this could be incredibly bullish for ETH’s price. If you hold ETH, or are thinking of scooping some up, this is a video you’ll want to watch all the way through.
TIMESTAMPS
0:00 Introduction Ethereum's Pectra
0:55 Overview Of Previous Ethereum Developments
6:11 Pectra Overview - What It Means, Purpose, Benefits
8:26 EIPs To Be Included In The Pectra Upgrade
14:15 EIPs That Have Been Pushed Back To The Next Upgrade (“Fusaka”)
17:06 Potential Risks, Concerns, And Developmental Sticking Points
18:47 What The Pectra Upgrade Could Mean For ETH’s Price
22:05 Don't Forget To Join Us
Source - Coin Bureau YouTube:
https://www.youtube.com/watch?v=FqW7TlAY9t0
Disclaimer: This video is provided for informational purposes only, and not offered or intended to be used as legal, tax, investment, financial, or any other advice.
