Ethereum Pectra Upgrade Fails to Finalize on Holesky Testnet

Ethereum’s latest upgrade, the Pectra hard fork, has experienced an unexpected setback. Despite launching on the Holesky testnet with high hopes, the upgrade failed to finalize within the allotted timeframe. Blockchain statistics show that Pectra didn’t reach finality after its deployment at 21:55 UTC (4:55 p.m. ET) on Monday. The development comes as no surprise, given that similar failures have occurred in the past on Ethereum testnets. This underscores the need for meticulous testing and thorough analysis before deploying updates to the main network.