Pectra is the next major Ethereum upgrade, and it's set to be an even bigger deal than Dencun was. Scheduled for Q4 2024 or Q1 2025, Pectra combines two previously planned upgrades: Prague (for the execution layer) and Electra (for the consensus layer). this upgrade will allow validators to stake a max of 2,048 ETH a major increase from 32z Thought?
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The upcoming Ethereum Pectra upgrade is one of the largest ever: both in terms of the number of EIPs to be implemented and its effect on the staking industry! What does this mean for node operators and staking protocols? Read the latest Obol blog to find out! https://lnkd.in/eSdWXe72
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The Ethereum Pectra upgrade comprises a couple of phases, with each offering considerable improvements to the overall Ethereum network. #ETH https://lnkd.in/dM2T-Y4r
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The Solana network has been experiencing extremely high usage which has tested components of the network — specifically the implementation of priority fees and the transaction scheduler, both of which play important roles in block optimization. While the network has remained stable during this period of high usage, there are a number of tools developers and operators can implement today to ensure continued high performance, as well as additional changes in the works that will be released in the forthcoming software release to improve network application performance.
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It is now confirmed that Ethereum's next protocol upgrade, Pectra, will include EIP-7251 (maxeb). This EIP removes the 32 ETH cap for Ethereum validators, allowing node operators to consolidate their validators in order to reduce their overall bandwidth consumption.
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Sequential Transaction on Ethereum & how Proto-Danksharding reduces gas fees Ethereum processes transactions sequentially, with one transaction executed after another, updating the state sequentially. This limits Ethereum's throughput to an average of 15 to 30 transactions per second. However, Ethereum's transaction processing capability has been enhanced through the use of Layer2 and the Rollup solution, bundling hundreds of transactions into a single transaction on the Ethereum network, reducing gas fees by up to 100 times. Additionally, Proto-Danksharding(April 2024) upgrade reduced the gas fees and increase transaction throughput. #ethereum #danksharding #layer2
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The Pectra upgrade is a crucial next step for Ethereum, combining two major updates—the Prague (execution layer) and Electra (consensus layer) upgrades. It matters for several reasons. 👇 → Why This Matters If you’re staking ETH, the Pectra upgrade will influence how you manage your validators, how quickly you can activate new ones, and how you handle withdrawals. Here’s what the Pectra upgrade offers: - Makes staking from flexible and streamlined - Allows consolidation of multiple validators into one - Speeds up the time to activate new validators - Directly manage withdrawals and exits - Improve the scalability and functionality of Ethereum ✅ These improvements are designed to make staking more efficient, which could lead to optimized returns and lower operational risks. ☝️ Pectra is a significant upgrade that will modernize Ethereum’s staking infrastructure, and staying informed will help you optimize your staking strategy. 🔗 Read our in-depth review on Ethereum’s Pectra upgrade here: https://lnkd.in/e8cxaG-P
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Ethereum's Pectra’s Upgrade offers more control and efficiency—essential for maximizing your Ethereum staking strategy. With this Q1 2025 upgrade, stakers can expect significant changes, including enhanced validator management and quicker deposit processing. More specifically, stakers can expect key updates like EIP-7251 allowing for larger validator consolidations up to 2,048 ETH, and EIP-7002 enabling more flexible withdrawals and exits directly from your EOA. Understanding these Ethereum updates will be crucial to maintaining and optimizing your staking strategy. Learn how these changes could impact your staking. 👉 https://lnkd.in/ey-rijdn #EthereumUpgrade #PectraUpdate #ETHStaking #EthereumStaking
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### Dencun Upgrade: A Major Boost for Ethereum's Scalability The Dencun upgrade, which went live on March 13, 2024, introduced "blobs" (#EIP4844) for efficient off-chain data storage in #Layer2 protocols. This upgrade significantly reduced transaction fees on Layer 2 networks such as #Base, #Optimism, #Arbitrum, #ZkSync, and #Starknet by 65% to 99%, marking a positive step for #Ethereum's scalability and Layer 2 adoption.
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Ethereum layer 2 network Base plans to upgrade its gas target to 10MGas/second on July 30, aiming to drive innovation and developer engagement. The upgrade follows previous successes and is expected to attract more users seeking faster and scalable networks. The network has seen recent increases in transactions per second, with the upgrade intended to enhance economic freedom and innovation. Node operators are advised to monitor and upgrade their systems for increased activity.
Base Network to Double Gas Target to 10MGas/second in Major Innovation Boost!
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In any system, scalability is the most important thing
Today, let's look into one key component of the Ethereum Dencun Upgrade “proto-danksharding”, also known as EIP-4844, which will drastically reduce the cost of posting L2 rollup data to Ethereum mainnet via “blobs.”
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