Pectra | Crypto

Ethereum Pectra hard fork’s blob capacity enhancement is operating within the thresholds analysts forecast, ethPandaOps said in a May 30 report.  The update, which was initiated via the Ethereum Improvement Proposal 7691 (EIP-7691) on May 7, doubled the default blob count from three to six and lifted the ceiling from six to nine. Blobs are […] The post Ethereum’s Pectra update meets expectations, edges closer to Fusaka appeared first on CryptoSlate.

Ethereum’s recent Pectra upgrade is sparking a surge in smart account usage, redefining how users interact with the network. Data compiled by Base analyst 0xKofi from Bundle Bear shows that more than 26,000 wallets have transitioned to the new smart account format powered by the EIP-7702 in the Pectra upgrade. What are smart accounts? EIP-7702 […] The post Over 26,000 Ethereum wallets integrate Pectra upgrade features driving smart wallet adoption appeared first on CryptoSlate.

Ethereum’s Pectra upgrade introduces offchain wallet delegation via EIP-7702, allowing attackers to drain funds using just a signed message. Ethereum’s latest network upgrade, Pectra, introduced powerful new features aimed at improving scalability and smart account functionality — but it also opened a dangerous new attack vector that could allow hackers to drain funds from user wallets using only an offchain signature. Under the Pectra upgrade, which went live on May 7 at epoch 364032, attackers can exploit a new transaction type to take control of externally owned accounts (EOAs) without requiring the user to sign an onchain transaction. Arda Usman, a Solidity smart contract auditor, confirmed to Cointelegraph that “it becomes possible for an attacker to drain an EOA’s funds using only an offchain signed message (no direct onchain transaction signed by the user).” Read more

Ambire and Trust Wallet are among the first wallets to support Ethereum’s Pectra upgrade (EIP-7702), enabling existing accounts to leverage account abstraction features. The Ethereum Pectra upgrade introduced a significant upgrade in account abstraction accessibility, with multiple wallets already implementing the change. Pectra introduced Ethereum Improvement Proposal (EIP) 7702, a change that Ivo Georgiev, founder and CEO of self-custodial smart wallet Ambire, described as “the single greatest UX upgrade to Ethereum so far.” Ambire is among the wallet providers that have already rolled out support for the new features since Pectra went live yesterday. Ambire’s announcement shared with Cointelegraph explains that EIP-7702 brings smart account functionality to existing user accounts, letting them temporarily act as smart contracts. This results in the advantages of account abstraction being accessible without creating new dedicated onchain addresses, rendering the transition of existing addresses possible. Re...

Ethereum developers have activated the network's Pectra upgrade, bringing smart accounts, higher staking limits and improved scalability through key EIPs. Ethereum — the network that unleashed smart contracts on the world — moves on to the next chapter with today’s Pectra upgrade, but what does it mean? Pectra went live on the Ethereum mainnet at the start of epoch 364032, May 7, 2025, at about 10:00 am UTC. The three main Ethereum improvement proposals (EIPs) included are EIP-7702, EIP-7251 and EIP-7691. EIP-7702 allows externally owned accounts to act as smart contracts and cover gas expenses (transaction fees) and payments in tokens that are not Ether (ETH). EIP-7251 increases the validator staking limit from 32 ETH to 2,048 ETH, which makes operations for large stakers easier and simpler. Read more

Despite all signs pointing to success, 100 devs will anxiously scan the Ethereum network for problems after the Pectra fork goes live tomorrow Ethereum developers will be holding their breath for the 12 minutes it takes to work out if Ethereums Pectra hard fork has finalized properly after its deployed tomorrow. During every Ethereum hard fork, there is roughly a 12-minute period the time it takes for two epochs where over a hundred tireless Ethereum developers vigilantly monitor the state of the network for signs of problems, wondering, Did we do enough? Every time Ethereum goes through a major hard fork which is like replacing components of an airplane in mid-flight theres a niggling chance that something could go horribly wrong.  Read more