Ethereum Merge testnet mostly successful

Ethereum Merge testnet mostly successful

Ethereum has completed its major semi – final Merger trial on Sepolia’s public test network, paving the way for its transition to the proof-of-concept (PoS) mechanism.

Although this trial was considered a success, it was not without incident.

The final Merger trial on the Goerli network must be done in the coming weeks before the Official Merger on Ethereum mainline can be given the green light.

Ethereum trainer Anthony Sassano, who hosted the Merge Sepolia live YouTube stream on Wednesday, confirmed on Twitter that the move to Merge was “successful” and said that the testnet will be monitored in the coming days.

Thanks to everyone who watched the Sepolia Merge live stream! The transfer of Sepolia Blend has been successfully completed (and the chain has been completed!), Now it’s time to watch it in the coming days. Then we will blend Goerli … then the mainnet. The Merger is coming. – sassal.eth (@ sassal0x) July 6, 2022

Terence Tsao, Ethereum’s protocol developer, also said that the move to Merge itself was successful, but noted that about 25-30% of collectors were disconnected after Merger due to “bad configurations.” However, he said “disasters will not delay the merger”.

Summary of Seplia : – The move to Merger itself was successful. – 25-30% of collectors disconnected soon after Merger. – Validators were offline due to incorrect configurations. – Since then, offline parties have updated their configurations, and validators are in place. (continued) – terence.eth (@terencechain) July 6, 2022

However, Superphiz, a founding member of the ETHStaker community, warned in-stream that the actual success of the Merger will not be known “for several hours or even until tomorrow”.

The final test will be done on the Goerli test network. Superphiz told him that the timing of the Merger will depend on the results of the Sepolia test.

Testnet Merges is a kind of “dress exercise” that is essential for Ethereum developers and independent project developers to understand what to expect when the Merger takes place.

During the live stream, Ethereum co-founder Vitalik Buterin acknowledged that one of the challenges of the mains merger will be “significantly more third-party infrastructures not present on the test networks.”

Read also: Ethereum name service registrations increase 200% due to lower usage fees.

“So there may be non-critical issues like this that will show in the Merger that we do not get these tests. […] There are many devices that are not tested and that is inevitable and probably fine. “

Meanwhile, on the exchanges

Despite the news, Santiment warned of potential Ether (ETH) sales as total ETH supply hit new high exchanges of 13.8% on Monday, the highest since January 3, 2022..

The price of #Ethereum dropped slightly to ~ $ 1,120 on American birthday. That said, ETH continues to converge rapidly on the stock markets and is likely to exceed the highs of 2022. The risk of selling is higher as coins on the exchange wallets rise. – Santiment (@santimentfeed) July 4, 2022

Since Thursday, the percentage has dropped slightly and exchanges account for about 13.25% of the total ETH supply.

Ether is currently priced at $ 1,186 at the time of writing this report.

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