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Pectra Upgrade, Explained: Why ETH Is on the Rise
- The Pectra upgrade for Ethereum went live on May 7, 2025, impacting both the execution and consensus layers of the network.
- Major changes include smarter wallets allowing multiple actions in one transaction, social recovery, and gasless transactions.
- Higher staking limits were increased from 32 to 2,048 ETH, benefiting institutional players and improving network efficiency.
- EIP-7691 increased Ethereum's capacity for handling more data, enhancing scalability and reducing congestion.
- The upgrade introduced EIP-7002, providing validators more security and control over their operations.
- For everyday users, the Pectra upgrade means easier DApp usage, safer wallets, potential fee reductions, and better future applications.
- While various factors influence ETH's price, upgrades like Pectra boost confidence in Ethereum's growth and attract more users.
- The Pectra upgrade signifies Ethereum's advancement towards being more powerful, user-friendly, and scalable.
- It demonstrates Ethereum's ongoing innovation, user appeal, and developer interest, contributing to ETH's recent price surge post-upgrade.
- Overall, the Pectra upgrade showcases Ethereum's commitment to improvement and development in the cryptocurrency space.
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