A highly anticipated upgrade to the %Ethereum (CRYPTO: $ETH) blockchain network has been postponed following disappointing initial tests.
The Pectra upgrade, which is Ethereum’s biggest upgrade in a year, has been put off following what’s being described as two “buggy test runs.”
Consequently, network developers have decided to postpone the upgrade pending further tests.
The %Pectra upgrade is designed to improve Ethereum’s speed and ease of use.
The decision to postpone the upgrade comes after Pectra’s tests on Holesky and Sepolia, Ethereum’s two primary test networks, each encountered bugs.
Developers say that Pectra needs to undergo additional testing before it goes live on Ethereum’s main network.
It is not clear when the Pectra upgrade will now be completed.
However, Pectra is set to be one of the Ethereum blockchain’s most ambitious changes to date, aimed at improving ease of use for both users and operators of the network.
The upgrade is also supposed to give crypto wallets some smart contract capabilities. Ethereum is trying to better compete against other cryptocurrencies such as %Solana (CRYPTO: $SOL).
The price of Ethereum has declined 34% so far this year to trade at $2,201.75 U.S. per token.
