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Introducing Pectra Series: Ethereum's Next Evolutionary Leap (Part 1)

Chorus One
Chorus One
October 16, 2024
5 min read
October 16, 2024
5 min read

Ethereum’s continuous drive for innovation has brought us through various transformative upgrades over the years. From the transition to Proof of Stake with The Merge to the improved fee structures of the London hard fork, Ethereum has proven time and again that it can adapt, scale, and evolve. Now, the Ethereum community is on the cusp of something even more significant: the Pectra upgrade—Ethereum’s most ambitious overhaul yet.

The Pectra upgrade, poised to begin its roll out in early 2025, promises to push the boundaries of Ethereum's scalability, security, and efficiency, each focusing on different aspects of Ethereum’s architecture.  These enhancements will ensure Ethereum is equipped to handle the next phase of decentralized applications and economic activity.

This introductory article will give you a comprehensive overview of Pectra, explain the rationale behind splitting the upgrade into two phases, and provide a sneak peek into the key staking oriented Ethereum Improvement Proposals (EIPs) that will shape the network’s future. In subsequent articles, we will dive deeper into each major EIP, exploring their implications for both developers and users.

Why Split Pectra into Two?

The decision to split Pectra into two phases—Pectra A and Pectra B—was driven by the growing complexity of the planned upgrades. To manage this scope without introducing bugs or security risks, Ethereum developers opted for a phased approach, with Pectra A launching in early 2025 and Pectra B following later in the year. This approach allows for a smoother, more controlled rollout, giving developers the time to test and refine each change thoroughly.

Pectra A focuses on critical improvements such as reducing node data storage through Verkle Trees, which will lessen the load on validators, as well as introducing "smart account" features and other staking changes, like MAX-EB.

Pectra B, while not yet finalized, is expected to include PeerDAS, a feature aimed at enhancing Layer 2 scalability, along with changes to the Ethereum Virtual Machine (EVM).

A Glimpse at the Key EIPs in Pectra

Each phase of Pectra comes with its own set of EIPs, aimed at enhancing Ethereum’s performance, security, and developer experience. Some key staking-related EIPs confirmed for the first phase include:

  • EIP-6110: This proposal reduces the delay between staking on the Ethereum execution layer and processing on the Beacon Chain, streamlining staking operations and speeding up consensus.
  • EIP-7002: This EIP enables staking pool protocols to directly initiate withdrawals to create more secure staking models; opening the door for permissionless, automated ETH staking pools.
  • EIP-7251: Known as the "MAX-EB" EIP, this change increases the effective balance for validators, allowing larger stakes and consolidating validators to improve network efficiency.

For the full list of Pectra-related EIPs, visit this link.

What Pectra Means for Ethereum’s Future

The Pectra upgrade is more than just a technical enhancement—it represents the future of Ethereum. By addressing critical issues such as scalability, transaction costs, and decentralization, Pectra prepares the network to handle the demands of tomorrow’s decentralized applications.

In the following articles, we'll explore these EIPs in greater detail. From streamlining staking operations to the benefits of "MAX-EB," we’ll examine how these changes will impact the ecosystem, particularly in the realm of staking, and why they’re crucial to Ethereum's continued growth.

Stay tuned as we unpack each EIP and see how Pectra will redefine Ethereum for the years to come.

About Chorus One

Chorus One is one of the largest institutional staking providers globally, operating infrastructure for over 60 Proof-of-Stake (PoS) networks, including Ethereum, Cosmos, Solana, Avalanche, Near, and others. Since 2018, we have been at the forefront of the PoS industry, offering easy-to-use, enterprise-grade staking solutions, conducting industry-leading research, and investing in innovative protocols through Chorus One Ventures. As an ISO 27001 certified provider, Chorus One also offers slashing and double-signing insurance to its institutional clients. For more information, visit chorus.one or follow us on LinkedIn, X (formerly Twitter), and Telegram.