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Ethereum developers activate the Pectra upgrade, which includes 11 improvements such as enhanced staking efficiency and improved Layer 2 scalability

ChainCatcher news, according to The Block, the Ethereum mainnet successfully activated the Pectra upgrade at 6:05 AM Eastern Time, marking the most significant network update since the Merge in 2022.This hard fork includes 11 EIP improvement proposals, primarily focusing on three major areas: enhancing staking efficiency, optimizing user experience, and improving Layer2 scalability. The successful deployment of the testnet Hoodi in March laid the foundation for this upgrade. Pectra sets the stage for the Fusaka upgrade, which will introduce key technologies such as Verkle Trees and PeerDAS.Among the highlights of this upgrade is the EIP-7702 account abstraction scheme, which allows regular wallets to temporarily execute smart contract functions. In the future, users will be able to experience innovative features such as third-party payment of Gas fees, batch transaction packaging, and even recovery of lost private keys through social contacts. In terms of the staking mechanism, the ETH staking limit for a single validator node has been significantly increased from 32 to 2048, allowing institutional stakers to reduce operational complexity through node merging.For Layer2 scalability, the Blob data capacity per block has doubled to 6 (peaking at 9), and the proto-danksharding technology based on last year's Dencun upgrade continues to deepen, which is expected to reduce transaction costs on Rollup chains like Arbitrum by over 90%. The technical team has also addressed several long-standing pain points: the activation time for validator nodes has been reduced from 12 hours to 13 minutes, the execution layer can directly control node exits to enhance key security, and the on-chain storage of historical block hash data has improved the reliability of decentralized oracles.

Letsbonk.Fun Developer: Purchasing non-BONK tokens is intended to support creators and does not generate profit

ChainCatcher news, regarding traders tracking their wallet profits, Tom (@SolportTom), a developer of the meme coin issuance platform Letsbonk.Fun under BONK, stated on the X platform that the main goal now is to develop this platform and help creators reach a certain number by trying new things. To create more markets unrelated to BONK, he publicly disclosed his wallet address and purchased related tokens, buying the first non-BONK cryptocurrency (GRASSITO) after the platform announcement was made.Tom mentioned feeling a great responsibility as his wallet was being tracked. He stated, "I only bought one token, then destroyed it and repurchased because I will not abuse this influence." He also revealed that he privately increased his holdings of the token with a market value of $6 million. Tom emphasized, "I am not a developer, there is no secret supply, and I have not profited from this. I just bought the first token that appeared, did not anticipate the subsequent developments, but given the increasingly crazy situation, I decided to become a holder and support within my capacity."In addition, Tom disclosed that he holds HOSICO, LetsBONK, and GRASSITO tokens, and mentioned that he is communicating with an excellent technical team to discuss token deployment cooperation, while updates such as the platform's native translation and advanced trading features are also progressing in an orderly manner.
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