Ethereum Under Pressure as Pectra Upgrade and FOMC Decision Collide on May 7

Ethereum is scheduled to activate its Pectra upgrade on May 7. This upgrade includes Ethereum Improvement Proposal (EIP)-7702 and a 2,048 ETH cap per validator. The goal is to enhance Ethereum staking and improve the network’s usability. EIP-7702 will enable temporary smart contract features for user accounts. This supports Ethereum’s plan for account abstraction without […]

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