Key Points
The Ethereum Foundation has recently finished an audit of the Pectra system contracts.
This audit covered three of the Ethereum Improvement Proposals (EIPs) included in Pectra, namely EIP-2935, EIP-7002, and EIP-7251.
The foundation reports that all major issues found during the review have been addressed.
The audit’s primary goal was to identify potential vulnerabilities within the contracts.
It also aimed to ensure that the contract logic is consistent with the functions outlined in the EIPs.
Pectra Upgrade
The Pectra upgrade encompasses 11 EIPs.
It was deployed on the Holesky testnet on February 24, but did not finalize within the expected time frame.
EIP-7702, a key EIP within the upgrade, aims to improve the user experience for crypto wallets by integrating smart contract functionality.
This contributes to the broader goal of integrating account abstraction on Ethereum.
EIP-7251, another major proposal, addresses validator staking.
It increases the maximum staking limit from 32 ETH to 2,048 ETH.
This change is intended to ease the challenge of validators having to distribute stakes across multiple validators when staking more than 32 ETH.
Holesky is the first testnet to run a simulation of the Pectra upgrade.
The next test is planned for the Sepolia testnet on March 5, but there may be delays.
Christine Kim from Galaxy suggests that Ethereum developers might postpone the Sepolia test depending on the scale of issues encountered in the Holesky test.
However, since the Pectra contract audit confirmed that all significant issues have been resolved, the upgrade seems to be on schedule.
The Pectra mainnet deployment is currently set for April 8.
