On Feb. 24, Ethereum developers initiated the Pectra upgrade on the Holesky test network as scheduled. However, the launch did not go as planned, as the network encountered issues with finalizing transactions shortly thereafter. Hildobby, a data analyst at crypto venture capital firm Dragonfly, noted that the Holesky testnet had been down for nearly two hours following the Pectra launch due to “buggy code,” which caused an invalid block that most Ethereum clients accepted. Due to this, Holesky has been unable to finalize transactions. According to the analyst, only two Ethereum clients, Erigon and Reth, operated correctly. However, the bug affected clients like Geth, Nethermind, Ethjs, and Besu. To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io