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Cryptocurrency News Articles
Following the conclusion of the 206th All Core Developers Execution (ACDE) calls, which happened on February 27, new updates on Ethereum Pectra have been released.
Mar 01, 2025 at 03:01 am
Galaxy researcher Christine Kim took to X to share three crucial takeaways on the upgrade, which combines Prague and Electra updates.
Following the conclusion of the 206th All Core Developers Execution (ACDE) calls, which happened on February 27, new updates on Ethereum Pectra have been made.
Galaxy researcher Christine Kim took to X to share three crucial takeaways on the upgrade, which combines Prague and Electra updates.
(Related: Galaxy Researcher Highlights 3 Key Takeaways From Ethereum’s #206 ACDE Call)
After going live on the Holesky testnet on February 24, 2025, Pectra is billed to hit the Sepolia testnet by March 5, on epoch 152464.
The successful upgrade of both testnets will pave the way for a mainnet activation epoch.
This decision comes after the Pectra Upgrade failed to land on the Holesky testnet.
Though this is a rare occurrence, developers had been working on mitigation routes and announced that four clients, geth, besu, nethermind, and Lodestar will be releasing updates in the coming days.
In the meantime, Kim says that no changes have been made to the scheduled date for the Sepolia fork, and developers are still planning to proceed with the upgrade next Wednesday.
Next, Kim notes that developers are still planning to put in the effort and resources to recover the Holesky network.
A meeting has been scheduled to discuss and coordinate how slashing protections across all holesky validators will be disabled.
No matter the decisions made, Holesky will still take a few weeks before it fully recovers, according to the Galaxy researcher.
One of the main inconveniences of Holesky’s failure is the loss of testing capabilities. As such, Ethereum developers are working on delivering a path for testing in a manner similar to Holesky.
They are also focused on preventing a recurrence of what happened to Holesky with the introduction of long-term mitigation and recovery tools.
Ethereum Pectra and Its Relevance
The Pectra upgrade follows last year’s Dencun upgrade, and it brings with it features that will augment Ethereum accounts, improve the validator experience, and support Layer-2 scaling, among other operations. Notably, Pectra is buffered by several Ethereum Improvement Proposals (EIPs).
This includes EIP-3074, which adds an innovative “social recovery” function that could eliminate the problem of lost private keys for all Ethereum users.
More precisely, the EIP-3074 could unlock the big potential of simple ether wallets, which are commonly known as Externally Owned Accounts (EOAs).
It would achieve this feat by granting them a broad spectrum of smart contract abilities.
With this EIP-3074 and others, the Pectra upgrade will achieve its focus on optimizing both the execution and consensus layers of Ethereum.
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