Ethereum News: Pectra Upgrade Faces Issues on Sepolia Testnet, But Fix Implemented

In a significant development for the Ethereum blockchain, the much-anticipated Pectra upgrade encountered issues upon launch on the Sepolia testnet. However, the development team swiftly identified and implemented a fix, ensuring the project moves forward. Here’s a closer look at what happened and what it means for Ethereum’s future.

Developers Implement Crucial Fix After Ethereum’s Pectra Upgrade Faced Issues on Sepolia Testnet

Ethereum’s planned Pectra upgrade, the blockchain’s most significant update since 2022’s “The Merge,” launched today on the Sepolia testnet but faced issues. The launch was delayed further due to these issues. According to a recent tweet from the lead Ethereum developer, the team has identified the issue and rolled out a fix. Testnets are used by the Ethereum community to experiment with significant updates in a secure environment before they are implemented on the mainnet.

Social News Site Digg Returning With AI Twist, Co-Founded by Moonbirds Creator and Reddit Co-Founder

Kevin Rose, co-creator of Ethereum NFT project Moonbirds, and Alexis Ohanian, co-founder of Reddit, are bringing back Digg, the once-prominent social news site they co-founded. They plan to center the new platform around ’humanity and connection’ while utilizing AI for community and content moderation. Justin Mezzell, former COO of Proof and artist behind Moonbirds, will join as CEO.

Ethereum Whale Sells $89M ETH Amid Growing Market Pressure

A prominent Ethereum whale has recently offloaded a staggering 40,000 ETH, valued at $89.2 million, amid growing market pressure. This massive sale, coupled with plummeting trading volumes, is raising concern in the crypto community. On March 4 and 5, the whale transferred 30,000 ETH to Galaxy Digital and 10,000 ETH to FalconX in exchange for USDC. Ethereum is showing signs of strain despite a brief price uptick.

Ethereum’s Pectra Test Encounters Errors, Delaying Upgrade Possibility

Ethereum developers initially celebrated a successful test of Pectra, the blockchain’s most significant upgrade since 2024, on the Sepolia test network. However, hours later, Sepolia began encountering errors, leading to concerns about the upgrade’s launch. The issues were attributed to an issue with Sepolia’s permissioned deposit contract, which prevented many execution layer clients from functioning correctly. This was the second buggy test for Pectra, which is designed to improve Ethereum’s efficiency, user experience, and validator system. The Sepolia test was expected to be the final step before Pectra’s launch on Ethereum’s mainnet.