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Ethereum’s Pectra Upgrade Goes Live with Big Changes and Bigger Risks

  • Ethereum's Pectra upgrade was launched on the mainnet with significant changes impacting execution and consensus layers.
  • Key upgrades include EIP-7702 enabling account abstraction for wallets to act like smart contracts, EIP-7251 increasing the staking cap, and EIP-7691 expanding blobspace for scalability.
  • Despite new features offering more functionality, concerns about security risks like unauthorized transactions and contract permissions have been raised.
  • Market response to the upgrade has been stable, with Ethereum's price holding around $1,830 as users cautiously navigate the enhanced capabilities.

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