Ethereum Developers Introduce Hooli Testnet for Pectra Upgrade Testing
Ethereum's core developers will launch a new testnet, Hooli, on Monday to finalize testing of the Pectra upgrade after issues with previous tests on Sepolia and Holesky. The Hooli test will occur on March 26 to assess performance and stability.
- Pectra aims to enhance Ethereum's speed, efficiency, and user-friendliness.
- A key feature is adding "smart contract" functionality to wallets, allowing transaction fees in currencies other than ETH.
- If successful, the upgrade may be deployed approximately 30 days later, targeting late April or early May for mainnet integration.
- Previous tests faced configuration errors, impacting their effectiveness.
- Testing networks like Hooli, Sepolia, and Holesky are crucial for avoiding costly disruptions on the main Ethereum network.
- Recent challenges include declining ETH prices and competition from newer blockchains.
Tim Beiko emphasized that Hooli will focus on validator exits while other functionalities can be tested on Sepolia and Holesky.