Ethereum has emerged as a primary target for hackers, with recent data indicating that 34.8% of all hacking attacks in the crypto space utilized the Ethereum platform. This trend underscores vulnerabilities within its blockchain architecture. Criticism of Ethereum's design has intensified, particularly from industry leaders like Evan Cheng, CEO of Mysten Labs, who has labeled the Ethereum Virtual Machine (EVM) as unsalvageable due to what he describes as 'design tech debt' and limited scalability. Cheng further criticized the so-called 'blockchain trilemma' and Ethereum's centralization through staking pools. In response to these challenges, Ethereum's upcoming Pectra upgrade aims to address high fees and network congestion by raising validator balance limits and improving data availability, potentially marking a pivotal moment for the platform's usability and performance.