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Ethereum has long embodied a technological fortress in the crypto universe, but today, the ship is rocking. As the network prepares to deploy its Pectra update, developers are navigating troubled waters. Delays, unexpected bugs, sneaky attacks… Behind the promises of innovation, a less glamorous reality emerges: that of a worn-out team facing technical challenges that threaten to push back the much-awaited deadline. A raw spotlight on the behind-the-scenes of an ecosystem in search of perfection. It all starts in February, when Pectra is deployed on Holesky , the testnet meant to validate the upgrade. But the scenario turns into a nightmare: the finalization fails. The cause? An insufficient number of validators on the canonical chain, leading to an unprecedented memory overload. “We’ve never seen anything like this,” confides Nixo Rokish, a member of the Ethereum Foundation. The developers, caught off guard, improvise fixes. Weary, on March 5th, Sepolia meets the same fate, exacerbated by an attacker exploiting a vulnerability to mine empty blocks. Two consecutive failures. Two hard blows for crypto ETH. Faced with the urgency, the developers create Hoodi, a new ad hoc testnet. Launched on March 17th, it will host Pectra. A last resort to avoid a postponement of the mainnet, initially scheduled for March, then April. “The teams are exhausted, especially those of the consensus layer,” explains Rokish . The pressure is at its peak: every delay erodes investors’ confidence in an already volatile market. Behind the lines of code, a human observation emerges. These technical setbacks reveal a team at its wits’ end but tenacious. “The issues were not related to the mainnet, but they had to rethink everything,” emphasizes Rokish. An exhausting marathon, where ingenuity collides with the unexpected. Yet, no one gives up. Because at Ethereum, every crisis is a lesson. Irony of fate, while Pectra stumbles, Ethereum blows out the first candle for Dencun. This upgrade, deployed in March 2023, has reduced gas fees by 95%, with historically low rates of 0.28 gwei on March 23rd. Proof that the network knows how to tackle colossal challenges. But this triumph also reminds us of a harsh truth: every victory demands its share of sweat and sleepless nights. Rokish admits, the current problems stem from scenarios never tested before. Holesky, although decentralized, had never been stressed with so few validators. A blind spot, now corrected. These errors, frustrating as they may be, shape a more robust network. Proof that even the giants of crypto sometimes must fumble. Despite the turbulence, Ethereum maintains an ambitious agenda. Developers are accelerating their roadmap with a clear priority: simplifying future forks. Pectra is just a step, but it embodies a major challenge: combining relentless innovation and stability. A fragile balance in an ecosystem where every second counts. In the meantime, BlackRock bets on Solana for its blockchain fund.

The Daily: Bitcoin ETFs post largest inflows in six weeks, Solana retracts ad amid crypto community backlash and more

https://www.bitget.com/events/activities/800ad55f5db35cd89da4383159f64166?appTheme=standard&appVersion=2.50.9&color=white&time=1740373345393

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