Ethereum’s pectra update will enhance network scalability with new proposals

EIP-7691 boosts blobs for scalability: Approval of EIP-7691 by Ethereum’s Core Developers will increase both the quantity and size of blobs. This adjustment is crucial for enhancing network performance and data management capabilities, facilitating better systems to handle increased transaction loads.

EIP-7623 optimizes block space costs: EIP-7623, co-authored by Vitalik Buterin, will modify calldata costs to optimize the use of block space. This modification, along with the ongoing discussions about EIP-7762, emphasizes the strategy to manage network congestion effectively.