Ethereum Client Releases Important Stability Fix Ahead Pectra Upgrade

Ethereum client Nimbus has officially released the v24.7.0 version. The latest update introduces various updates to the beacon API. This also fixes on staking infrastructure such as SSV Network on the Ethereum blockchain.

Ethereum solo stakers and node operators are required to update with the latest update to resolve all underlying issues faced by some stakers and operators. The proof-of-stake (PoS) blockchain is gearing up for its next major leap with Pectra upgrade.

Nimbus Ethereum Client Release Update To Fix Beacon Issues

Ethereum’s consensus layer client Nimbus in a post on X platform on July 29 released an important software release to improve and fix beacon API issues. The Ethereum client said it’s a low-urgency release with beacon API improvements and fixes.

As per Github release, the update has key improvements regarding support for publishBlindedBlockV2 beacon API endpoint and block proposal rewards in the absence of pre-aggregated sync contributions.

The fixes are included for SSZ decoding for beacon API endpoints, restoring functioning Sepolia bootnodes, and fixing IP address issues with beacon API endpoint. The upgrade was introduced after the recent issue with staking infrastructure.

Also Read: Compound Finance Hack Unlikely on Curve Finance, Says Founder

Pectra Upgrade and Verkle Trees

The execution layer and consensus layer clients will follow with releases in preparation for the Pectra upgrade. Ethereum developers are preparing for the Pectra upgrade to further improve the blockchain scalability, security, and usability. The aim is to work on minor changes such as improving the user experience (UX) of Ethereum wallets.

The team will simultaneously work on Verkle trees, which will enable Ethereum nodes to store large amounts of data. Regarding the developments Ethereum co-founder Vitalik Buterin said “Reducing to discrete log is a no-go because one of the underlying goals of looking at hash functions is quantum resistance. We want the ability to do this once and ossify the state tree from that point forward.”

ETH price jumped 3% in the past 24 hours, with the price currently trading at $3,365. The 24-hour low and high are $3,252 and $3,396, respectively. Furthermore, the trading volume has decreased by 20% in the last 24 hours, indicating a decline in interest among traders.

Also Read: Ethereum Foundation Moves Entire TKO Holdings To Bitcoin Suisse