In a few months, the Ethereum blockchain changes from consensus mode to change from proof of work to proof of bets. In preparation for this major development, Ethereum is testing this update on various testnet networks.
The Merge: the long-awaited evolution of Ethereum
Ethereum is one of the behemoths in the industry. It is the second largest capitalist in the domestic crypto market hundreds of decentralized applications and the vast majority of blocked funds focus on decentralized finance. The transition to a consensus – proof mechanism is therefore a crucial issue. For this, the blockchain development teams do not want to leave anything to chance.
In order to ensure that everything works smoothly when betting proof is deployed on the mains, Ethereum tests it upstream on the various testnet blockchain networks. On June 8, it was on the Ropsten testnet that the developers they were able to successfully deploy “The merger”.
So the oldest Ethereum test network has switched to a consensus proof mechanism. This passage was killed by a number of bugs, but the purpose of such a procedure is to identify the various anomalies and concerns to better deal with them before the passage on the main web.
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Seplia: The next test network
Ethereum has multiple test nets to integrate and enhance the network without disrupting the mainnet. Among these, we see the latest, Seplia network. Launched in October 2021, it is set to replace Ethereum’s historic testnet, Ropsten.
Spilia will try the transition to proof of promise soon. To do this, the network must have its “beacon chain”. The beacon chain Ethereum proof is a bet agreement layer. “The Merge” defines the process by which this “beacon chain” connects to the Ethereum functional layer. We’ve been talking about merging or merging ever since there will be only one channel.
This Monday, June 20, the development teams thus announced the deployment of a beacon chain dedicated to the Sepolia test network. Subsequently, the test number of Sepolia’s consensus model will be sought to be translated into proof of promises. Currently, we do not yet have an exact date for this excerpt. During the previous excerpt on the Ropsten network it took about 20 days. However, delaying the transition to proof of promise on Seplia may require various bugs or fixes.
On the mainnet side, various evolutions are also applied to prepare for this major evolution, “The Merge”. However, the developers remain loyal to their line of transport and do not want to accelerate this change. Ethereum is known to prefer patience, sometimes repeated tests can lead to great disappointment rather than haste.
In terms of their price, Ethereum, like the market as a whole, has been complex over the past few weeks. Its price is about $ 1,000 and even made a brief raid under this symbolic bar before reacting. We will follow closely the next news about “The Merge”. This crucial step is indeed scrutinizing the entire encryption ecosystem.