Pectra Upgrade: The Most Significant Update in Ethereum's History

The Pectra upgrade will integrate the two independent upgrades, Prague and Electra, expected to go live in the first quarter of 2025. This upgrade could become the largest update in Ethereum's history, aimed at addressing issues related to scalability, security, and user experience.

Key Improvement Proposal ( EIPs ) Analysis

EIP-7702: Account Abstraction Wallet Revolution

• Allow existing EOA accounts to execute smart contract code without deploying a contract.
• Implement new features such as transaction sponsorship, batch account management, etc.
• May drive the emergence of new applications, attracting Web2 users

EIP-3074: Delegation of Control Rights for External Accounts

• Allow EOA to temporarily act as a smart contract wallet
• Implement complex trading schemes through AUTH and AUTHCALL opcodes
• Deeply related to the "intention-centered" trading experience

EIP-7623: Optimize calldata pricing

• Increase calldata costs, reduce block size
• Enhance overall Layer 2 performance
• Helps to reduce the data publishing costs of Layer 2

EIP-7594(PeerDAS): Data Availability Sampling

• Enhance the network's support for rollups
• Enhance data distribution and availability
• Positive for the development of the ZK Prover network

EIP-7251: Increase Validator Staking Limit

• The maximum validator stake has increased from 32 Ether to 2048 Ether.
• Reduce the risk of network instability
• Simplify large node operations and reduce costs

Comprehensive Impact

• Projects in areas such as modularization, chain abstraction, and AA wallets will benefit.
• Expected to bring a new round of growth momentum to the Ethereum ecosystem
• May give rise to a new batch of highly valued ZK Prover network projects
• DeFi innovative projects may welcome new investment opportunities

The Pectra upgrade involves several key technological improvements, expected to comprehensively enhance the performance of the Ethereum network and inject new momentum into ecological development. Relevant fields are worth continuously monitoring for their progress and impact.