The post Ethereum’s Pectra Upgrade Fails to Finalize on Holesky Testnet appeared on BitcoinEthereumNews.com.

TLDR Ethereum’s Pectra upgrade failed to finalize on the Holesky testnet due to execution client bugs The issue related to how deposit contract addresses were handled by some clients Pectra includes 11 protocol improvements including EIP-7702 for account abstraction features Testing will continue on Sepolia testnet on March 5 before mainnet deployment The upgrade will increase validator staking limits from 32 to 2,048 ETH and boost blob capacity by 50% Ethereum’s latest upgrade, known as Pectra, hit a technical snag on Monday when it failed to finalize properly on the Holesky testnet. The test activated at 4:55 PM ET but could not achieve finality according to data from Beacon Chain. The issue emerged just as developers were starting to test the package of 11 protocol improvements that represent Ethereum’s most important update in almost a year. Finality is a key concept in Ethereum where transactions become irreversible after about 13 minutes. Without finality, the network cannot guarantee that transactions won’t be changed or reversed. Technical experts pointed to problems with execution clients as the main cause. Georgios Konstantopoulos, chief technology officer at crypto investment firm Paradigm, noted on social media that the bug was limited to execution clients that “forgot to add the correct deposit contract address.” Joshua Cheong from Mantle Network, an Ethereum Layer-2 protocol, explained to Decrypt that the issue centered on “how deposit contract addresses were handled by these clients.” This led to network instability because the Pectra upgrade moves deposit tracking from the Consensus Layer to the Execution Layer. The cause was traced to configuration errors in some execution layer clients that disrupted the hash verifications needed for withdrawals and deposits. These hash verifications are critical for the network to function properly. Despite the setback, many experts noted that finding such bugs is exactly why testnets…

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Filed under: News - @ February 25, 2025 11:21 am