Ethereum’s Final Tesnet Went Public: Will The Merge Be Here Soon?
Ethereum seems to be totally committed to its plan this year as the full upgrade to Proof-of-Stake gets close. Marius van der Wijden, one of Ethereum’s core developers, announced in a post on March 10 that the final testnet had gone public.
The testnet is a blockchain version that allows developers to experiment with new features without affecting the mainnet. When developers want to add or update new functionality, they must ensure that the upgrade is thoroughly tested before going live.
“It’s time to get #TestingTheMerge going again! We spun up the Kiln testnet to test #Ethereum’s upcoming move to proof-of-stake (this should be the final testnet before we start merging Ropsten, Rinkeby, Goerli, etc).”
The Final Testnet
Named Kiln, the testnet is supposed to be the final public testnet before the merge. When the existing Ethereum Mainnet connects with the Beacon Chain proof-of-stake mechanism, the merging occurs.
As a result, the Ethereum network will switch from Proof-of-Work to Proof-of-Stake consensus. According to Vitalik Buterin, Ethereum’s father, the Ethereum consensus layer (previously Ethereum 2.0) will be 60% complete once the merging phase is completed and will exceed 80% once sharding is fully deployed.
The Ethereum consensus layer is halfway complete, although it’s worth noting that the network is still in PoW mode, and the Kiln merge is scheduled for the following week.
In January this year, Buterin shared some updated information on the Ethereum consensus layer’s strategy for 2022. Currently, the network is moving forward with the merge. According to the roadmap, there will be four distinct phases after the merge, including the surge, the verge, the purge, and the splurge.
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The surge is primarily focused on boosting scalability through rollup and sharding. Rollups are scalability methods that process transactions off the mainnet but with proof of transactions performed on layer 1. Sharding facilitates the distribution of network congestion.
The verge is focused on scalability, making node operations much more efficient, whereas the purge is dedicated to improving node efficiency by removing historical data. Finally, The Splurge showcases all of the extras, such as built-in censorship resistance.
Ethereum’s transition to Proof-of-Stake continues to be proceeding smoothly, as all accounts participating in staking are rapidly expanding, potentially indicating that expectations for the long-awaited network upgrade are fairly decent.
According to recent data, the total amount of Ether locked on the Ethereum 2.0 deposit contract has reached a new all-time high of more than 10 million ETH, valued at more than $26 billion.
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