Ethereum Mainnet to Execute Pectra Upgrade on May 7

Tim Beiko, Head of Protocol Support at the Ethereum Foundation, announced that the Pectra upgrade will go live on the mainnet on May 7, with the expected epoch height being 364032.

Reportedly, Pectra introduces EIP-7702, allowing standard Ethereum accounts (EOAs) to extend smart contract functionalities, supporting use cases such as batch transactions, Gas sponsorships, or social recovery. For stakers, Pectra introduces a feature to increase the effective balance of validators.