Ethereum developers have delayed the Shanghai hard fork, a major upgrade to the network, to September 2026, citing technical issues. The delay is seen as a setback for the project, which has been working towards the upgrade for several months.
Technical Challenges
The developers cited several technical challenges that need to be addressed before the upgrade can be implemented. These include issues with the network's consensus algorithm and the need for further testing.
The delay has resulted in a 10% decrease in Ethereum's price over the past 24 hours.
We understand the importance of getting this right, and we are working diligently to ensure that the Shanghai hard fork is a success, said a spokesperson for the Ethereum Foundation.