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Gate Square New & Returning Creator Rewards are ongoing!
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Ethereum developers have announced that the highly anticipated Pectra upgrade will launch on April 8.
The launch date was disclosed on February 13 during the All Core Developers Execution (ACDE) Call #205. According to Tim Beiko, Ethereum Foundation Protocol Support Lead, the Pectra upgrade will first go live on the Holesky testnet on February 24 and Sepolia on March 5. On April 8, the upgrade will be completed when Pectra is activated on Ethereum’s mainnet.
The increase of Ethereum’s blobspace from three to six blobs in each block is among the most important improvements in Pectra. By doing this, Layer 2 data availability will increase, further lowering costs and congestion. The upgrade will also include execution-layer enhancements aimed at improving network performance. By accelerating the rate at which Ethereum burns, Pectra will also reinforce Ethereum’s deflationary model.