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Less than a month before the Dencun update arrives, Ethereum developers are working to release the next update. Called Electra, this update should arrive in the coming weeks and will focus on the network’s consensus layer.

According to the developers, the new update will have four update proposals. The focus of the new hard fork will be on validators’ rewards and deposits on Ethereum, aiming to optimize the process.

Key changes to watch out for in the Ethereum Electra update

During the latest biweekly All Core Developers Consensus (ACDC) meeting, led by Ethereum Foundation researcher Alex Stokes, developers discussed Ethereum Improvement Proposals (EIPs) and the Electra upgrade. In this discussion, they defined four EIPs that will be the foundation of Electra.

According to these plans, the update should reach the test network by the end of April. The first proposed EIP is 6110, which will provide on-chain validator deposits. This would “improve the security and stability of Ethereum by changing the way the network processes deposits from its validators,” according to the foundation’s blog post.

Next there is EIP 7002 which will provide actionable outputs for the execution layer (EL). Teku developer Mikhail Kalinin is considering how to make small adjustments to this EIP that will similarly trigger a change to the engine’s API.

The third proposal (EIP 7251) will increase the maximum effective balance (maxEB) of validators to up to 2,048 ETH. However, developer “ethDreamer” believes there are two questions linked to this EIP that need to be answered. The developer wants to know whether custom limits for partial withdrawals will be included for validators with an effective balance greater than 32 ETH, the minimum limit to become a validator on the network.

The second is whether validator consolidation as an operation initiated at the settlement or execution layers should be enabled. Of note, there were initial considerations to design the feature as an operation on the Beacon Chain, but with feedback from the Lido team, it turned out that the execution layer is a better alternative.

Welcome new updates

Another discussion concerns how Electra should implement these EIPs. One group suggested that EIP 7002 and 7251 become the same update, but some developers warned that this could trigger some complexities.

Finally, there is EIP 7549, the latest implementation at Electra. His role will involve moving the committee’s index out of certification. Ultimately, the Electra hardfork is focused on improving the performance, security, and usability of Ethereum.

Other features and changes that Ethereum has welcomed in recent weeks include the Dencun update, which has helped reduce fees on Layer 2 protocols. Additionally, the blockchain has also welcomed the COT Network whitepaper V2, which aims to improve privacy on Ethereum.

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