Ethereum Pectra Upgrade: Opening a New Era for Gas Fee Payments and New Opportunities for Validator Rights

Introduction

1. Overview of the Pectra Upgrade

1.1 Changes in Gas Fee Payment Methods

• Increased flexibility: Users can select the most suitable tokens to pay gas fees based on market conditions, which not only enhances the flexibility of transactions but also allows users to better manage their funds.
• Promoting token ecosystem growth: With the inclusion of different tokens, the gas fee payment mechanism will become more diverse, promoting the use of various cryptocurrencies within the Ethereum ecosystem and boosting market activity.
• Lower transaction costs: Users will no longer need to purchase ETH in advance for each transaction, a change that is expected to significantly reduce transaction costs and thereby attract more users to participate in the Ethereum network.

1.2 Enhancing Validator Rights

• Encouraging staking: Higher staking rewards will attract users to stake more ETH, thereby enhancing the network's security and reliability.
• Optimizing network performance: More validators will increase network bandwidth utilization, reduce resource wastage, and improve transaction processing speed.
• Decentralizing power: By enhancing the reward mechanism for staking, more users will be encouraged to participate, leading to broader network involvement and reducing the risk of centralization.

1.3 Other Proposals: EIP-6110 and EIP-7002

• EIP-6110

• EIP-7002

2. Future Outlook for Pectra

2.1 Challenges and Opportunities

• Challenges in technical implementation: During the process of implementing these proposals, the development team must overcome technical difficulties to ensure the smooth execution of the upgrade.
• User education: The new payment and staking systems will require users to relearn processes. Developers and the community must invest in education and promotion to help users transition smoothly.
• Market adaptation: The changes in gas fee payment methods will impact other cryptocurrencies on the market. Coordinating relationships between different tokens will be crucial for future growth.