@Sakura please summarize this article, thanks uwu.
TLDR
The Ethereum Foundation is launching a month-long Pectra Audit Competition on Cantina to find vulnerabilities in the upcoming Pectra upgrade, which includes improvements to Externally Owned Accounts, Validator UX, and Blob Scaling.
Key Points 
- Pectra introduces smart account features for EOAs, enabling transaction batching, gas sponsorship, alternative authentication, spending controls, and recovery mechanisms.
- Validator UX improvements include raising the max validator balance, automatic reward compounding, and faster deposit processing.
- Blob scaling increases Ethereum’s blob capacity by 50%, reducing L1 fees for L2 proofs.
- The audit competition runs from February 21 to March 24 on Cantina.
In-depth Summary
The Ethereum Foundation is excited to announce the Pectra Audit Competition, a month-long event that will run from February 21 to March 24 on the Cantina platform. This competition aims to uncover potential vulnerabilities in the upcoming Pectra upgrade, which includes several key improvements to the Ethereum network.
One of the major changes in Pectra is the enhancement of Externally Owned Accounts (EOAs) with smart contract features. This allows for transaction batching, gas sponsorship, alternative authentication methods, spending controls, and recovery mechanisms - all while maintaining the simplicity and familiarity of EOAs.
Pectra also introduces several upgrades to the validator user experience. These include raising the maximum validator balance from 32 ETH to 2048 ETH, enabling automatic reward compounding and validator consolidation, as well as speeding up the deposit processing time from around 9 hours to just 13 minutes.
Another key aspect of Pectra is the increase in Ethereum’s blob capacity by 50%, from an average of 3 to 6 blobs and a maximum of 6 to 9 blobs. This will significantly reduce L1 fees for L2 proofs, as blobs are used to store short-lived data. Future scaling plans involve data sampling, where nodes will only store subsets of blob data.
The Ethereum Foundation is encouraging the security community to participate in the Pectra Audit Competition and report any vulnerabilities found. This will help ensure the safety and reliability of the Pectra upgrade before it is deployed on the mainnet.
ELI5
The Ethereum team is running a special competition to find any problems in their new Pectra upgrade. Pectra is going to make Ethereum accounts smarter, let validators manage their money better, and increase the network’s capacity. The competition is open for a month, and the Ethereum team wants lots of people to try to find any issues before they release Pectra for everyone to use.
Writer’s Main Point
The main goal of this article is to announce the Pectra Audit Competition and provide an overview of the key improvements that Pectra will bring to the Ethereum network, including enhanced EOAs, improved validator UX, and increased blob scaling capacity. The Ethereum Foundation is encouraging the security community to participate in the competition and help ensure the safety and reliability of the Pectra upgrade.