News analysis
Ethereum's Glamsterdam upgrade delayed on Hoodi testnet after security review flags contract risks
· By MyCryptoSignal Editorial · 310 words
CryptoSlate reports that Ethereum developers have postponed the Glamsterdam upgrade on a test network after identifying security risks affecting existing smart contracts. The Ethereum Foundation confirmed on Oct. 22 that the upgrade, scheduled for Oct. 26 on the Hoodi testnet, would not proceed as planned.
According to CryptoSlate, developers agreed to investigate how a proposed change to Ethereum would affect contracts already deployed. The report, published on Oct. 23, does not name the specific contracts or the thirteen risks in the summary available to us. The Ethereum Foundation's confirmation is the source's central fact: the Hoodi testnet date has moved.
CryptoSlate frames the delay as another roadblock for an upgrade that had been expected. We have not independently verified the foundation's statement or the number of risks the source cites. The source does not say whether mainnet timelines are affected, and we do not infer that here.
As of 09:16 UTC on Oct. 24, Ethereum traded at $2,363.74, down 1.66% over 24 hours. The 7-day change was -2.64% and the 30-day change was -12.10%. Its 24-hour range ran from $2,353.51 to $2,413.74. The RSI14 reading was 33.9, with the trend marked down. Support sat at $2,355.67 and resistance at $2,387.07, and the appendix labels the signal action as Falling.
The wider frame was also lower. Total crypto market capitalization stood at $2.5469 trillion, down 1.53% over 24 hours. Bitcoin dominance was 63.6%, with Bitcoin at $80,556, down 1.39% over the same window.
The testnet delay puts a date on the calendar rather than a resolution. Ethereum's 30-day change of -12.10% and RSI of 33.9 sit alongside a price near its stated support of $2,355.67, while Bitcoin dominance at 63.6% shows where the larger share of market value remains. The source's facts and our numbers describe the setup, not an outcome.
Read the full story at CryptoSlate: https://cryptoslate.com/ethereums-long-awaited-glamsterdam-upgrade-hits-another-roadblock-as-13-security-risks-emerge
Data, not advice.
Source: CryptoSlate — see our editorial policy.