Crypto News

The upcoming upgrade is expected to bring significant changes to the Ethereum network, enhancing its scalability, security, and efficiency. What is Pectra? Pectra is the highly anticipated upgrade to the Ethereum network, which aims to improve its overall performance and capabilities. It is a combination of several Ethereum Improvement Proposals (EIPs), which are proposed changes or additions to the protocol. The upgrade is set to be implemented in four phases, each with its own set of improvements and enhancements. What are the main changes of Pectra? The main changes of the Pectra upgrade include the implementation of sharding, which will allow for greater scalability and increase the network's transaction processing speed. Additionally, Pectra will introduce a new consensus algorithm called Proof of Stake (PoS), which will replace the current Proof of Work (PoW) algorithm. This change is expected to greatly reduce the energy consumption of the ...