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parithosh committed Nov 4, 2024
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6 changes: 2 additions & 4 deletions docs/wiki/pectra-faq.md
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Expand Up @@ -6,8 +6,6 @@ Pectra, (Prague - Electra), is the next network upgrade scheduled for Ethereum.
**Who is this guide for?**
For App developers, Stakers and Node operators who are interested in the upcoming Pectra upgrade.

[toc]

Overall
---
**FAQ**:
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The process of making and submitting deposits will not change. You can continue to use the same tools as earlier. However, the mechanism for processing deposits on Ethereum will undergo an improvement. This improvement is described by [EIP-6110](https://eips.ethereum.org/EIPS/eip-6110) and will allow almost immediate processing of deposits.

#### **Q:** How long do I have to wait for my deposits to be included?
After the changes included in [EIP-6110](https://eips.ethereum.org/EIPS/eip-6110), the deposits should show up in <20mins during regular finalizing periods of the chain. However, there is still a deposit queue for your validator to be activated, the EIP merely ensures that the deposit is seen faster and more securely by the chain and does not influence how quickly a validator is activated.
After the changes included in [EIP-6110](https://eips.ethereum.org/EIPS/eip-6110), the deposits should show up in <20 minutes during regular finalizing periods of the chain. However, there is still a deposit queue for your validator to be activated, the EIP merely ensures that the deposit is seen faster and more securely by the chain and does not influence how quickly a validator is activated.

#### **Q:** What are `0x02` withdrawal credentials?
Up until the Pectra fork, Ethereum accepted two types of withdrawal credentials: `0x00` and `0x01`. The main change is that `0x01` contain an execution layer address that receives partial and full withdrawals. The `0x02` withdrawal credentials are a new type of withdrawal credentials that will be introduced in the Pectra upgrade. The `0x02` withdrawal credentials will allow for maximum effective balances of >32 ETH and <2048ETH either via larger deposits or via consolidations of existing validators. The `0x02` withdrawal credentials also enable the ability to exit validators with the execution layer withdrawal address, enabling complete control of the validator via the execution layer.
Expand All @@ -68,7 +66,7 @@ There is no direct way to move from `0x00` to `0x02`. You will need to first mov
#### **Q:** I have a validator with `0x01` credentials, how do i move to `0x02`?
You can consolidate your validators to `0x02` withdrawal credentials. This will allow you to have a single validator with a balance of up to 2048 ETH. The `staking-cli` will support the `0x02` withdrawal credentials in the coming months before the Pectra mainnet Ethereum fork.
#### **Q:** What is MaxEB?
MaxEB or the [EIP-7251](https://eips.ethereum.org/EIPS/eip-7251) increases the `MAX_EFFECTIVE_BALANCE` to 2048 ETH while keeping the minimum staking balance at 32 ETH. Before MaxEB, any entity that wanted to contribute a large amount of ETH to consenus had to spin up multiple validators because each was capped at a maximum of 32 ETH. EIP-7251 will allow large stake operators to consolidate their ETH into fewer validators, using the same stake with up to 64 times less individual validators. It also allows solo stakers' ETH to be compounded into their existing validator and contribute to their rewards without having to use the exact validator amount. For example, 35 ETH will be considered the validator's effective balance by the protocol, instead of leaving out 3 ETH ineffective and waiting till 64 ETH for 2 validators. Overall, consolidating validators will allow for fewer attestations in the consensus network and easing the bandwidth usage by nodes.
MaxEB or the [EIP-7251](https://eips.ethereum.org/EIPS/eip-7251) increases the `MAX_EFFECTIVE_BALANCE` to 2048 ETH while keeping the minimum staking balance at 32 ETH. Before MaxEB, any entity that wanted to contribute a large amount of ETH to consensus had to spin up multiple validators because each was capped at a maximum of 32 ETH. EIP-7251 will allow large stake operators to consolidate their ETH into fewer validators, using the same stake with up to 64 times less individual validators. It also allows solo stakers' ETH to be compounded into their existing validator and contribute to their rewards without having to use the exact validator amount. For example, 35 ETH will be considered the validator's effective balance by the protocol, instead of leaving out 3 ETH ineffective and waiting till 64 ETH for 2 validators. Overall, consolidating validators will allow for fewer attestations in the consensus network and easing the bandwidth usage by nodes.
#### **Q:** How do I consolidate my validator?
#### **Q:** What are the validator requirements for consolidation?
The validators must be active on the beacon chain at the time of consolidation execution. This means they cannot be exiting or pending activation or any other state besides active. Both the source and the target validators must have the same `0x01` withdrawal credentials. If these two conditions are met, then the validator may be consolidated.
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1 change: 1 addition & 0 deletions wordlist.txt
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Expand Up @@ -624,6 +624,7 @@ README
reciept
referrerpolicy
remerkleable
reentrancy
reorganisation
reorganisations
replayable
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