Ethereum’s Pectra Upgrade

Ethereum's Pectra Upgrade is a part of the Verge Series of Upgrades that seek to make Ethereum lighter, safer, more decentralized, and more resistant to attacks.
Layer-0 refers to the core infrastructure underlying a blockchain. It is the common shared infrastructure layer that many blockchains can share. For example both Polygon and Optimism share the common infrastructure of Ethereum Virtual Machine.
Layer-2 refers to those blockchains that help layer-1 blockchains scale transaction capacity by processing the layer-1 transactions on their (layer-2) blockchains
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