### Ethereum Pectra Upgrade is Nearing#

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Overview

The Ethereum Pectra upgrade is approaching, with a planned mainnet launch in March 2025. Developers have released Pectra Devnet 5 and are currently undergoing client version upgrades for the Sepolia and Holesky testnets, with a fork expected in February. Pectra specification updates are also underway, including EIP 7623, EIP 7840, EIP 7691, EIP 2537, and EIP 7702. The Pectra system contract audit has been completed with no major issues. Developers are planning the mainnet upgrade for March, with specific milestones set.

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Analysis

The Ethereum Pectra upgrade is nearing its launch, with an expected mainnet deployment in March 2025. Currently, developers are actively progressing testnet upgrades and plan to release new clients for the Sepolia and Holesky test networks in February, featuring upgrades and hard forks. If the fork on testnets goes according to schedule, the mainnet launch will follow next month. The Pectra upgrade primarily encompasses the following: EIP 7623, EIP 7840, EIP 7691, EIP 2537, EIP 7702, and other standard updates, along with adjustments to gas fee limits, system contract audits, and other areas. Pectra Devnet 5 is now operational, with developers gathering logs regarding gas fee estimation issues. Discussions on EIP 7702 are scheduled for the Monday test meeting. Overall, the Pectra upgrade aims to enhance the Ethereum network's performance and security, laying the foundation for future advancements.

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The Pectra upgrade is expected to go live on the Ethereum mainnet in March 2025, and is currently in the testnet phase. The upgrade and hard fork for the Sepolia and Holesky testnets are scheduled for February.

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The Pectra upgrade will include several EIP updates, including calldata cost updates, blob timeline addition, blob base fee calculation, multiplication cost calculation, code introspection functionality, etc.

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The goal of the Pectra upgrade is to improve the efficiency and scalability of the Ethereum network and lay the foundation for future development.

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The specific timeline and details of the Pectra upgrade may be adjusted based on the progress of the testnet.

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