<ul><li>Ethereum's Pectra upgrade aims to enhance the network's scalability, lower transaction fees, and introduce new smart account functionality.</li><li>The upgrade consists of the Prague upgrade, focused on the execution layer, and the Electra upgrade, impacting the consensus layer.</li><li>The Pectra upgrade will be rolled out in two phases, with the first phase including doubling Layer-2 blob capacity, account abstraction, and increased validator staking limits.</li><li>The second phase will introduce Verkle Trees implementation and Peer Data Availability Sampling for improved data storage and scalability.</li></ul>

What is Ethereum Pectra Upgrade?

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