Ethereum's Glamorous Testnet Launch Delayed Over Security Concerns
The Hoodi upgrade, initially scheduled for Monday, was postponed after developers identified potential risks to smart contracts.
The Hoodi upgrade, initially scheduled for Monday, was postponed after developers identified potential risks to smart contracts. Ethereum (ETH) is trading at ₹2,27,920 ($2,401.65), up 0.4% since this brief published. This is an original Token Times brief synthesising 2 outlets (CoinDesk, Cointelegraph), plus live market data, as of Fri, 23 Oct 2026 06:30:01 UTC.
The delay highlights Ethereum's cautious approach to network upgrades, prioritizing the security of existing smart contracts over speedy implementation of new gas rules.
- Hoodi testnet activation postponed due to security risks
- New gas rules could cause smart contracts to permanently record failed operations
- Ethereum's market cap stands at $292.34B amid broader market decline
Multiple outlets report that Ethereum developers canceled the planned Hoodi testnet activation after security researchers discovered that new gas rules could allow smart contracts to permanently record failed operations. This decision underscores Ethereum's commitment to maintaining the integrity of its smart contract ecosystem. While CoinDesk provides the primary coverage of this specific incident, the broader market context shows Ethereum's price down 2.16% in the last 24 hours amid a general market downturn.
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- Ethereum's Glamorous Testnet Launch Delayed Over Security Concerns — this brief
Ethereum developers have postponed the activation of the Glamorous testnet, originally scheduled for Monday, after security researchers identified potential risks associated with the new gas rules. The primary concern is that these rules could enable smart contracts to permanently record failed operations, which could have significant implications for the network's functionality and security.
The decision to delay the upgrade reflects Ethereum's cautious approach to implementing changes that could affect the network's core operations. The developers are likely to reassess the gas rules and make necessary adjustments before proceeding with the testnet activation.
This development comes amid a broader market downturn, with Ethereum's price declining by 2.16% in the last 24 hours. Despite the price drop, Ethereum's market cap remains substantial at $292.34 billion, highlighting its continued importance in the cryptocurrency ecosystem.
The postponement of the Hoodi upgrade is a reminder of the challenges involved in maintaining and upgrading a blockchain network as complex and widely used as Ethereum. The developers must balance the need for innovation with the imperative to protect the existing ecosystem of smart contracts and users.
Looking ahead, the Ethereum community will be watching for updates on the Hoodi upgrade and any changes to the proposed gas rules. The outcome of this process will be crucial in ensuring the long-term stability and security of the Ethereum network.
Since this brief published about 2 hours ago, Ethereum (ETH) has moved from ₹2,27,118.81$2,393.21 to ₹2,27,919.78$2,401.65 — +0.35%.
The chart plots ETH's price: grey is the move before this brief published, the vertical dashed line marks the moment it published, the horizontal dashed line is the price then, and the coloured area is the move since — from Token Times's market data (daily resolution). It shows what happened after the news, not that the news caused it; many factors move prices. Not financial advice.
At today's peer-to-peer rate, 1 ETH ≈ ₹250,360 (about $2,401.65), down 1.3% over 24 hours. The rupee itself trades about 9.8% above the official rate on the P2P market, so a Indian buyer's effective cost differs from the headline dollar price.
Live market data
Current prices for the asset in this story — live, source-stamped, updated every 15 minutes.
Figures and sectors in this story, checked live against on-chain aggregators · October 23, 2026.
Token Times reads these figures directly from on-chain aggregators (DeFiLlama, mempool.space) at build time — independent of what any outlet reported. Sector totals aggregate every protocol DeFiLlama tracks in that category. Values are live and will change.
Ethereum's Glamorous Testnet Launch Delayed Over Securit — questions & answers
What was the reason for postponing the Hoodi testnet activation?
The activation was postponed because new gas rules could allow smart contracts to permanently record failed operations, posing a security risk.
How has Ethereum's price reacted to the news?
Ethereum's price declined by 2.16% in the last 24 hours, reflecting the broader market downturn.
What is the significance of this delay for Ethereum?
The delay underscores Ethereum's commitment to security and stability, prioritizing the integrity of its smart contract ecosystem over speedy implementation of upgrades.
How much is 1 Ethereum worth in rupee today?
About ₹250,360 at the live peer-to-peer (P2P) USDT rate, which is what Indians typically trade at — equivalent to roughly $2,401.65. The rupee price moves with both ETH's US-dollar price and the USDT/INR rate; use our Ethereum in rupee page for any amount.
Has Ethereum's price moved since this brief was published?
ETH is up 0.35% since this brief first published — trading at ₹2,27,920 ($2,401.65) now versus ₹2,27,119 ($2,393.21) at publication. Token Times re-checks this figure against CoinGecko and Binance every 15 minutes.
Which outlets reported this story?
This is an original Token Times brief that synthesises reporting from CoinDesk, Cointelegraph, with the key figures cross-checked for agreement across them. It is not a copy of any one article — follow the source links above for the original reporting.
Original summary — not financial advice. This is an original Token Times brief that summarises a development reported elsewhere and adds live market data for context; it is not the original article and reproduces no part of it. Follow the source link above for full details. Crypto is volatile and high-risk — always do your own research.