Ethereum has just had a serious image change. On May 7, the long -awaited sirty update finally launched in the Netnet, and developers call it one of the most importing updates of the network such as merger. It brings a ton of new features, more flexibility for wallets, better data handling and great changes for the battery. With the Ethereum Pin update, wallets can now act more as intelligent contracts, giving users a new functionality. But like any important update, it also comes with some headaches. Some users are already worried about security.
What is in the Pectra package?
We are going to break it down. Pin is a combined update that includes the changes of Prague and Electra, which affects the execution of Ethereum and the consensus layers.
Pin has gone live and finished
! The newly activated EIP tests continue.
– Timbeiko.eth (@timbeiko) May 7, 2025
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There are 11 proposals to improve Ethereum (EIPS), but three are receiving most of the attention:
- EIP-7702 It presents “account abstraction”, which sounds technical, but basically allows its regular wallet to behave more an intelligent contract. That means you can do things like signing multiple transactions in one, recover your wallet if you lose access and simply omit the payment gas sometimes if a third party covers it.
- EIP-7251 Increases the validator attack limit of 32 ETH at 2.048 ETH. That is a change of play for great players as attack services and institutional validators. Less validators, lower hardware demands and a more efficient network.
- EIP-7691 Help to climb things by expanding Blobspace. That is good news for Layer 2 solutions such as the referee and optimism, which are based on this cheaper and faster transactions.
Great features, but are they safe?
That’s where things get complicated. While these updates are powerful, some come with warnings. For example, EIP-3074That adds new instructions called Auth and Authall, allows users to allow smart contracts to act in their name. Sounds by hand, right? It is, until accidentally signs a message from a malicious contract that drains its wallet in a single click.
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And with EIP-7702There is another capture. If users are not careful, they could give too much access to contracts that do not understand completely. Security researchers already urge people to verify that they are signing it and only interact with the contracts they trust.
The more cavo in EIP-7702, the more problems I find
As usual, too exaggerated. I doubt that 7702 bring the improvements of UX that we all expect.
Here is my review 7702:
1. In terms of signatory abstraction, we go back@4337 Intelligent contract wallets (SWC) that have a very good …
– Joaquim (@joenrv) January 15, 2025
The Ethereum update comes with more power, but also more responsibility. As a security blog said: “Now you can do smarter things with your wallet, but you can also make Emarter mistakes.”
Ethereum Pirtra Update: How is the market taking it?
Quite calmly, actually. ETH has been around $ 1,830 since the update was directed. That is a light lump, but nothing dramatic. Analysts say that is normal. These updates are laying the foundations for future growth, not for the price today.
In short, Ethereum is not on the moon, but it is definitely maturing.
Thinking about the future
Pectra is a big step forward for Ethereum. It gives users more control, developers plus tools and the network more efficiency. But with more options it comes more complexity, and not everyone is ready for that.
The next less is about learning to use these new features without falling into cheat. For now, ETH is stable, users are cautious and Ethereum’s long -term vision became a little clearer and a little more risky.
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Key control
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Ethereum’s sicking update was held live on May 7, introducing important changes in the execution and consensus layers through 11 EIP.
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EIP-7702 allows the abstraction of the account, which allows wallets to work more as intelligent contracts with characteristics such as batch transactions and gas without gas.
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EIP-7251 raises the strike limit by validator of 32 ETH to 2.048 ETH, simplifying the network for institutional battery operations.
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Security experts have marked potential risks with new features such as EIP-3074 and EIP-7702, warning users who are careful with contract permits.
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Eth Price remained stable around $ 1,830 after updating, pointing out market confidence but the cautious adoption of new capabilities.
Post Ethereum’s sicking update is live with great changes and major risks first appeared in 99Bitoins.