Understanding EIP 7742: Key Developments in Ethereum’s Pectra Upgrade from ACDC #144

On October 20, COINOTAG reported insights from Christine Kim, the VP of Research at Galaxy, regarding the recent Ethereum Core Developer Consensus Meeting (ACDC #144). A significant development discussed was the integration of EIP 7742 into the upcoming Pectra framework, enabling the beacon chain to dynamically adjust both the target and maximum blob gas limit. This enhancement signals a potential increase in the operational capacity of Pectra. Nevertheless, concerns were voiced by some developers during the meeting about how this addition could postpone the activation of other essential code changes on the mainnet.

Additionally, the forum highlighted ongoing progress in testing for Pectra and the PeerDAS project. Developer Francis Li advocated for a substantial increase in blob capacity, proposing a target boost to 5 and a maximum to 8, in conjunction with enhancements to the network layer such as engine_getBlobsV1. The discussions also addressed the operational challenges presented by the current parameter-setting process, with Busa emphasizing that the introduction of EIP 7742 would simplify future adjustments, particularly in connection with upgrades like PeerDAS.

Despite its advantages, deploying EIP 7742 entails extra work from both the Execution Layer and Consensus Layer teams, which could potentially hinder the timeline for Pectra’s release by approximately one to two months. Busa urged developers to commence the deployment process of EIP 7742 promptly to mitigate any unnecessary setbacks to Pectra’s advancement.

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