The Ethereum network's Pectra upgrade faced technical difficulties on the Sepolia testnet, causing transaction processing challenges.
Launch Problems on Sepolia
Ethereum developers faced issues during testing of the Pectra upgrade on the Sepolia network. The use of a custom deposit contract prevented transactions from being included in blocks. Tim Beiko, Ethereum Foundation's lead developer, acknowledged the difficulties and stated that the team is working to resolve the causes of the glitch.
What is the Ethereum Pectra Upgrade?
The Pectra upgrade follows the successful launch of the Dencun upgrade. It merges improvements at both the execution and consensus layers. One of Pectra's key features is the integration of smart contract capabilities into standard wallets via EIP 3074. Additionally, the upgrade raises the staking cap from 32 to 2,048 ether, simplifying staking for larger entities.
Ether Supply Increase Ahead of Upgrade
Ahead of the Pectra upgrade, an increase in ether supply was recorded. Compared to the period before the transition to Proof of Stake in 2022, the supply rose, reaching 120,521,523 ETH as of February. This is associated with Ethereum's shift to a more energy-efficient Proof of Stake system, aiming to reduce the cryptocurrency's inflation level.
The Pectra upgrade continues to advance Ethereum towards improved efficiency and capabilities, despite current testnet challenges.
