The Ethereum blockchain has launched its first Pectra testnet, which is expected to benefit the Ethereum price and trigger a bullrun for the cryptocurrency.
Pectra combines two major updates, Prague and Electra, introducing new Ethereum Improvement Proposals (EIP) for enhanced functionality and user experience.
The testnet rollout is happening in stages, with Holesky, Sepolia, and Hoodi serving different purposes and preparing for the main Pectra upgrade.
The Pectra testnet launch is anticipated to strengthen the security and scalability of Ethereum, benefiting various projects built on the Ethereum blockchain.