The Pectra upgrade for Ethereum has made progress with its successful deployment on the Sepolia test network. Pectra consists of 11 major features aimed at improving staking, wallet functionality, and network efficiency. The upgrade faced challenges when a test on the Holesky testnet failed due to a misconfiguration, causing a temporary chain split. However, the Sepolia testnet deployment was successful. Developers are now discussing the timeline for the mainnet release but may opt to delay it for stability. Notable proposals in Pectra include increasing the maximum amount of ETH stake and allowing crypto wallets to function as smart contracts. The rocky test cycle comes as Ethereum faces competition from newer chains like Solana and experiences leadership issues.



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