Ethereum Pectra Upgrade to Take Place on May 7

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On April 3, according to CoinDesk, Ethereum developers set the highly anticipated Pectra upgrade target date for May 7, officially starting the countdown for the most significant transformation since March 2024.

Pectra includes a series of improvements aimed at enhancing the user experience and efficiency of Ethereum. One important upgrade is adding "smart contract" functionality to wallets, making them easier to use and recover.

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