Ethereum

Electra

Core

2024

Ethereum’s highly-anticipated Pectra upgrade has been announced to be released by the end of Q1 2025, although the ambitious scope of changes has made it deviate from its initial timeline. This large-scale upgrade for Ethereum’s execution and consensus layers is just about done. 
A principal part of this upgrade is the EVM Object Format (EOF), which consists of 11 Ethereum Improvement Proposals (EIPs) introducing an “opt-in” container system for EVM code. The modularity thereof will facilitate future upgrades and efficiency gains. However, implementing EOF has been problematic leading to delays in Pectra. 
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 .<a href="https://twitter.com/ethereum?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">@ethereum</a> Pectra Targeted For Q1 2025 The inclusion of EVM Object Format (EOF), which is a set of about 11 EIPs that introduce an opt-in container for EVM code, is a key component that is pushing the upgrade timeline to 2025. The upgrade is set to feature PeerDAS, a data… <a href="https://t.co/4uGqwWi89M" target="_blank">pic.twitter.com/4uGqwWi89M</a>— ICO Drops (@ICODrops) <a href="https://twitter.com/ICODrops/status/1794234551776014667?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">May 25, 2024</a>
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Once released, a number of features that come with Pectra include PeerDAS – a data availability sampling solution that makes use of Ethereum’s decentralized network. Another shift was from the original account abstraction proposal EIP-3074 to the more enhanced EIP-7702 made by Vitalik Buterin himself. It will enable user accounts to serve as smart contract wallets, allowing better transaction capabilities. 
Pectra is composed of two principal components: Prague on the execution layer and Electra on the consensus layer. The precise scope remains in flux, with discussions around potentially deferring Verkle trees until after the Osaka hardfork down the road. 
Despite the delays, Pectra represents Ethereum’s most ambitious upgrade since the Merge. Core developers are reportedly working tirelessly to guarantee a smooth transition that paves the way for Ethereum’s scalable, modular future. 
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Ethereum’s Pectra Upgrade Nears With Ambitious Roadmap

The Crypto Times

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