Ethereum developers plan to launch main network Pectra upgrade in March

According to The Block, Ethereum developers have reached a consensus on the tentative timeline for the Pectra upgrade, with the mainnet upgrade expected to take place in March of this year.

According to a core developer meeting held on Thursday, it is expected that a new client version supporting Pectra upgrade will be released in February and undergo hard fork testing on the Ethereum testnet (Sepolia and Holesky). These plans will be coordinated with the client software team. If the fork on the test network proceeds as planned, the mainnet upgrade will be launched within the following month.

The Pectra upgrade will incorporate multiple Ethereum Improvement Proposals (EIPs), with a focus on improving user experience and network efficiency. Specific changes include improving the user experience of cryptocurrency wallets and account abstraction, increasing the maximum staking limit for validators from 32 ETH to 2048 ETH, and updating deposit and exit mechanisms.

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