The Ethereum Foundation has completed the audit of the Pectra system, announcing that all identified issues in the contracts have been resolved.
Pectra Audit Results
The Ethereum Foundation audited the Pectra system contracts, covering three Ethereum Improvement Proposals (EIP-2935, EIP-7002, and EIP-7251) out of the eleven included in Pectra. According to the foundation, all significant issues identified during the review have been resolved. The primary objective of the audit was to assess potential vulnerabilities within the contracts and ensure alignment with the intended functions.
Key Upgrade Proposals
The Pectra upgrade, deployed on the Holesky testnet on February 24, consolidates 11 EIPs. The main proposal, EIP-7002, aims to enhance the user experience for crypto wallets by incorporating smart contract functionality, contributing to the account abstraction on Ethereum. EIP-7251 addresses validator staking by raising the maximum staking limit from 32 ETH to 2,048 ETH, simplifying stake distribution for larger amounts.
Next Steps and Planning
Holesky is the first testnet to simulate the Pectra upgrade. The next test is planned for Sepolia testnet on March 5, though delays are possible. According to Galaxy's Christine Kim, Ethereum developers might postpone the Sepolia test depending on the scale of issues encountered. However, with the audit confirming resolution of significant issues, the upgrade seems on track for the mainnet deployment on April 8.
The Pectra audit was a success, with all issues resolved. The mainnet launch is anticipated on April 8 after testing.
