The Ethereum Prague-Electra (Pectra) upgrade is expected to be the third major hard fork post-Merge on the Ethereum blockchain. It will be activated in 2025-2026 and aims to make ETH staking more resource-efficient, enhance the blob mechanism, address lost keys issues, and advance Account Abstraction (AA). Pectra will be the largest and most profound network upgrade in years and paves the way for advanced stages of Ethereum decentralization. The upgrade will include several EIPs focused on improving the Ethereum Virtual Machine (EVM) and optimizing layer 2 solutions. The exact timeline and agenda for Pectra are still being discussed by Ethereum core developers. Overall, Pectra will make Ethereum faster, cheaper, and more flexible, and will have a positive impact on the Ethereum ecosystem and price.
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