The upgrade of Ethereum Pectra was put online on the Holesky Testnet on Monday, but failed to finalize in the scheduled time.
Pectra was activated on the Holesky Testnet with 9:55 pm UTC (4:55 pm HE), but did not initially finalize according to blockchain data.
The purpose is the state in which, once a transaction is confirmed and added to a block, it is immutable and cannot be reversed. A testnet is a network that copies a main blockchain (in this case Ethereum), and is used to test upgrades or a new code before going to the main network.
We do not immediately know why the upgrading of Pectra did not finalize on Holesky. The developers of Ethereum discussed Monday on the Discord of R&D ETH which could be the problem.
This is not the first time that an upgrade has not finalized on an Etheruem test network. In January 2024, when the developers tested the Dencun upgrade, the Fork Hard did not initially finalize on the Goerli Testnet.
What is Pectra?
The hard pectra fork combines together 11 major upgrades, or “Ethereum improvement proposals” (EIPS), in a single package. At the heart of this is EIP-7702, which is supposed to improve the user experience of cryptographic portfolios. The proposal, which was scribbled by the co -founder Ethereum Vitalik Buterin in just 22 minutes, will allow portfolios to have intelligent contract capacities, as part of a wider strategy to provide an abstraction of account to Ethereum – A concept that makes the usability of wallets a much less clumsy.
Another key proposal, EIP-7251, will allow validators to increase the maximum quantity they can accumulate from 32 to 2,048 ETH. The proposal is supposed to facilitate some of the technical details that the validators playing ethn are faced today: those who play more than their 32 ETH must disseminate this on several validators, which makes the process somewhat harmful. By lifting the maximum limit of actions and combining these validators, it could accelerate the process of configuring new nodes.
Holesky is the first of the two fabrics to browse a pectra simulation. The next test is supposed to occur on the Sepolia testnet on March 5. But according to Christine Kim, vice-president of research in Galaxy, the developers could delay it according to the extent of today’s problem.
Once Pecctra online on the two testnets, the developers inserted in a final date to activate the upgrade on Mainnet.
Pectra was originally on the right track to be the biggest upgrade of Ethereum to date, and it is the first big change in blockchain in almost a year. The developers decided that Pectra was too ambitious, and they agreed to divide the original package in two.
Read more: Ethereum developers have finally planned the upgrade of “pectra”
