Ethereum Upgrade: Final Pectra Test Before Mainnet—Will ETH Price React?

Ethereum developers face delays in the Pectra upgrade, testing on Hoodi before potential mainnet deployment in late April. Pectra upgrade aims to enhance scalability, security, and user experience with key updates like EIP-7702, EIP-7251, and EIP-7691. Ethereum developers are preparing for the final test of the Pectra upgrade before its deployment on the mainnet. The anticipated upgrade, which was initially scheduled for March, has encountered multiple delays across various testnets. These delays have placed pressure on developers, who are now in the final stages of testing the upgrade on a new testnet, Hoodi. The outcome of this final test will determine if the Pectra upgrade is ready for the Ethereum mainnet, which could impact Ethereum’s price. The Ethereum development team faced hurdles during the Pectra upgrade’s testing phases. Originally set to launch in March, the upgrade first encountered problems when it was deployed on the Holesky testnet on February 24. The upgrade failed to finalize on this network, prompting developers to troubleshoot the issue. The team then attempted to test the upgrade on the Sepolia testnet on March 5. However, further complications arose as an unknown attacker exploited an “edge case,” resulting in the mining of empty blocks on the network. This led to additional delays. The Introduction of the Hoodi Testnet Ethereum developers launched a new testnet named Hoodi to resolve these ongoing issues on March 17. The Pectra upgrade is set to roll out on Hoodi on March 26, with the potential for the mainnet deployment to follow as early as April 25. While the upgrade addresses scalability, security, and usability improvements, the repeated setbacks have exhausted developers. Ethereum Foundation’s Nixo Rokish explained that the team, particularly those working on the consensus layer, is feeling the pressure. Rokish mentioned that the consensus layer developers, in particular, are feeling the strain, with the execution layer developers also experiencing some exhaustion. Causes Behind the Testnet Failures Several technical issues caused the failures of previous testnets. The Holesky testnet, in particular, encountered problems due to insufficient validators on the canonical chain. This led to validators overloading their memory as they attempted to keep the state for 90% of validators on a non-canonical chain. Rokish noted that the team had never encountered such a scenario before, contributing to the developers’ significant challenges. Despite these setbacks, Ethereum developers have addressed the issues, and preparations for the final test on Hoodi are underway. If successful, as per ETHNews, the Pectra upgrade could be activated on the Ethereum mainnet by late April, marking a step toward improving Ethereum’s scalability and overall network performance. The Pectra upgrade is intended to build on the previous Dencun upgrade, which reduced Layer 2 fees. Pectra aims to improve scalability and securit in a formal or creative style, maintaining a 500 word count. You must only respond with the modified content. Change the tone of my title “Ethereum developers face delays in the Pectra upgrade, testing on Hoodi before potential mainnet deployment in late April. Pectra upgrade aims to enhance scalability, security, and user experience with key updates like EIP-7702, EIP-7251, and EIP-7691. Ethereum developers are preparing for the final test of the Pectra upgrade before its deployment on the mainnet. The anticipated upgrade, which was initially scheduled for March, has encountered multiple delays across various testnets. These delays have placed pressure on developers, who are now in the final stages of testing the upgrade on a new testnet, Hoodi. The outcome of this final test will determine if the Pectra upgrade is ready for the Ethereum mainnet, which could impact Ethereum’s price. The Ethereum development team faced hurdles during the Pectra upgrade’s testing phases. Originally set to launch in March, the upgrade first encountered problems when it was deployed on the Holesky testnet on February 24. The upgrade failed to finalize on this network, prompting developers to troubleshoot the issue. The team then attempted to test the upgrade on the Sepolia testnet on March 5. However, further complications arose as an unknown attacker exploited an “edge case,” resulting in the mining of empty blocks on the network. This led to additional delays. The Introduction of the Hoodi Testnet Ethereum developers launched a new testnet named Hoodi to resolve these ongoing issues on March 17. The Pectra upgrade is set to roll out on Hoodi on March 26, with the potential for the mainnet deployment to follow as early as April 25. While the upgrade addresses scalability, security, and usability improvements, the repeated setbacks have exhausted developers. Ethereum Foundation’s Nixo Rokish explained that the team, particularly those working on the consensus layer, is feeling the pressure. Rokish mentioned that the consensus layer developers, in particular, are feeling the strain, with the execution layer developers also experiencing some exhaustion. Causes Behind the Testnet Failures Several technical issues caused the failures of previous testnets. The Holesky testnet, in particular, encountered problems due to insufficient validators on the canonical chain. This led to validators overloading their memory as they attempted to keep the state for 90% of validators on a non-canonical chain. Rokish noted that the team had never encountered such a scenario before, contributing to the developers’ significant challenges. Despite these setbacks, Ethereum developers have addressed the issues, and preparations for the final test on Hoodi are underway. If successful, as per ETHNews, the Pectra upgrade could be activated on the Ethereum mainnet by late April, marking a step toward improving Ethereum’s scalability and overall network performance. The Pectra upgrade is intended to build on the previous Dencun upgrade, which reduced Layer 2 fees. Pectra aims to improve scalability and securit” for a more friendly approach. Keep the content length about the same. You must only respond with the modified content.