Ethereum Pectra upgrade implemented, stake mechanism optimization leads future development

Ethereum Pectra Upgrade: Three Major Directions Leading Future Development

Ethereum successfully completed the Pectra upgrade on May 7, which is an extremely important mainnet upgrade this year. Pectra establishes a new foundation for the future development of Ethereum around three core areas: staking mechanisms, layer 2 scaling, and account abstraction. Let's go through the key highlights of this upgrade together.

Ethereum Pectra Upgrade Three Major Highlights

1. Staking Mechanism Optimization: Significantly Increased Single Node Limit

In this upgrade, the staking limit for a single validator node has been increased from 32 Ether to 2048 Ether, which brings two important significances:

1. Improve the efficiency of staking deposits and withdrawals.

In the past, Ethereum set the single-node staking limit to 32 ETH to maintain decentralization. However, this also led to the problem of excessively long queuing times for deposits and withdrawals during peak network periods, especially since only 8 nodes are allowed to exit or withdraw per Epoch.

This upgrade will increase the single node limit to 2048 ETH. In the future, after the node merger, the efficiency of fund flow will be significantly improved. This change will not only effectively alleviate queuing pressure during peak periods such as bull markets but also prepare in advance for potential network congestion that may arise, thereby optimizing the overall user experience.

2. Reserve space for a layer of expansion

Currently, Ethereum has over a million validating nodes. With the mechanism ensuring fair participation of each node in the consensus, the peak performance of Layer 1 has long been limited, currently maintaining at around 60 TPS.

After raising the single-node staking limit to 2048 ETH, it is expected that a more flexible hierarchical consensus mechanism will be gradually introduced in the future, such as a combination model of full voting by large nodes + random voting by small nodes. This plan is expected to significantly release on-chain performance while slightly lowering the security threshold, laying the foundation for the scalability of Layer 1.

3. Benefits of liquid staking token protocols

The two improvement proposals introduced by the Pectra upgrade bring groundbreaking support at the underlying mechanism level for the ecosystem, including multiple liquid staking token protocols:

  • Allow direct deposit operations to be completed on the consensus layer
  • Grant smart contracts control over the withdrawal process.

These two changes allow parts of the process that originally relied on centralized components and manual workflows to achieve a higher degree of decentralization and automation. Although discussions surrounding liquid staking tokens are still controversial, the Pectra upgrade undoubtedly releases greater development space for this ecosystem.

Ethereum Pectra Upgrade Three Major Highlights

2. Layer 2 Optimization: Data Capacity Expansion Reduces Costs

In this upgrade, the implementation of two improvement proposals will directly double the Blob capacity and support dynamic adjustments.

The Blob serves as the core area for layer 2 data storage and backup, directly impacting the cost structure of layer 2. After this upgrade, layer 2 fees will be further reduced, moving from "very cheap" to "extremely cheap," which is undoubtedly a positive for the layer 2 ecosystem.

Of course, this also means that the burning rate of ETH may further slow down. However, from the perspective of the overall health of the ecosystem, the activity of layer two and low costs undoubtedly have longer-term strategic value.

3. Significant Progress in Account Abstraction

The improvement proposal introduced in this upgrade opens a new chapter for Ethereum account abstraction, significantly enhancing the flexibility of wallets and the user experience.

  • Supports batch trading, making operations more efficient
  • Allow the use of any token to pay for Gas fees, lowering the entry barrier.
  • Introduce mechanisms such as social recovery to enhance account security and usability.

In the past, wallet functions were relatively fixed, and ETH had to be prepared in advance to initiate transactions. In the future, the account abstraction wallet based on the new proposal will be more free and intelligent. New users can even register and use the wallet directly through their mobile phone number, without worrying about cumbersome steps such as address management and Gas pre-setting, completely bridging the "last mile" of the Ethereum experience.

Ethereum Pectra Upgrade Three Major Highlights

Conclusion

The Pectra upgrade is not just a routine functional iteration; it outlines a clearer path for the future of Ethereum in key areas such as optimization of the staking mechanism, layer two scalability, and account abstraction. Future changes will continue to occur, so let us pay attention to, participate in, and build the development of the Ethereum ecosystem together.

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NFTHoardervip
· 1h ago
Still talking about Decentralization? Large Investors are becoming more and more overbearing.
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MemeKingNFTvip
· 13h ago
Upgraded again, upgraded again, suckers only care about these, BTC is safe in the ground, that is fundamental.
View OriginalReply0
MemeCoinSavantvip
· 08-05 10:26
based yield opportunity fr fr... staking ceiling got me bullish af
Reply0
GasGuzzlervip
· 08-05 10:24
on-chain stimulant
View OriginalReply0
HodlKumamonvip
· 08-05 10:14
Wow, the staking limit has directly risen 64 times! The data enthusiasts are so excited that they are crying~
View OriginalReply0
EyeOfTheTokenStormvip
· 08-05 10:06
The market is gradually returning to rationality. It is recommended that all pros engage in day trading with high-stake products.
View OriginalReply0
MetaverseHobovip
· 08-05 10:06
stake 2048 now To da moon is coming, right?
View OriginalReply0
MoonBoi42vip
· 08-05 10:05
The stake reform is amazing, brothers.
View OriginalReply0
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