Ethereum's Pectra Upgrade Aims to Double Transaction Throughput

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As per BitcoinWorld, Ethereum's Pectra upgrade is set to significantly enhance the network's capacity and efficiency. The upgrade increases the Layer 1 gas limit per block to 60 million, which is expected to double transaction throughput over the next year. This improvement is intended to reduce congestion and lower gas fees, strengthening Ethereum's role as a financial settlement layer. The upgrade is part of Ethereum's broader roadmap to improve scalability while maintaining decentralization and security. It complements Layer 2 solutions like rollups, creating a multi-layered approach to scaling. For most users, no action is required, as the upgrade is a backend protocol change.

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