Ethereum developers are preparing for the highly anticipated tong update on Wednesday, ready to bring the greatest change of code to the block chain from the merger in 2022.
Pin, a mixture of the Prague + Electra names, consists of two updates that occur in the consensus and the Ethereum execution layers at the same time.
The update focuses on making the Ethereum block chain easier to use and efficient. Pin consists of 11 main changes in the code, or “proposals for improvement of Ethereum” (EIPS), which will improve the experience of rethinking in the network, introduce new wallet features and update the functionality of the block chain.
One of the main changes that reach the block chain is EIP-7702, which offers the wallets intelligent contract capabilities, transferring them to a technological tendency known as “account abstraction.” The change will allow the wallets to add easy to use features, such as the ability to pay gas rates with different currencies of Ether (eth)
Another important change, known as EIP-7251, will facilitate the experience of validators. After pein, the validators can increase the maximum amount of ETH, they can participate from 32 to 2,048, which means that those found in multiple validators can now consolidate them under a node. This should mean that it will take less time to turn a new node and relieve the cumbersome experience to configure the team.
Some of the changes in pein have been planned for some years, despite the fact that developers originally addressed all this to live in 2024. However, due to the complexities of the changes in the code, Pin was delayed until the first quarter of 2025. After the initial developers proved the update twice in two different wills and both experienced networks, requiring that the developers create a third test, delaying a third test. new.
“Pin fork will arrive at Ethereum Mainnet soon! Please, don’t forget to update your nodes,” wrote the engineer of the Ethereum Devops Parithosh Jayanthi Foundation in X.
The ETH price has fallen almost 42% in the last 12 months, while the broader market meter, the Coindesk 20 index fell around 1.5%.
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