Ethereum

Ethereum “Merge” is now closer than ever with Kiln testnet now public

Ethereum “Merge” is now closer than ever with Kiln testnet now public

Symbiosis

The Days of Proof of Stake Ethereum mainnet are getting closer as the network takes a step closer to achieving this goal with the launch of the Kiln testnet.

The Ethereum Foundation announced on March 14 that network shareholders should use Kiln for testing. This confirms that Kiln’s testnet is now operational and that testing “will ensure a smooth transition onto existing public testnets”.

What is oven test

The oven is the final phase of the Ethereum fusion test networks. It comes after the launch of the Kintsugi testnet last December and will be the last public testnet before Ethereum transitions to consensus PoS.

The melting furnace testnet is the final testnet and marks Ethereum’s readiness for proof-of-stake so far.

The oven was launched as a proof-of-work layer parallel to a PoS Beacon chain. But that will turn into a proof-of-stake consensus within the week. According to the announcement, this will likely happen as early as March 17.

With the launch of testnets, developers, stakers, node operators, infrastructure providers, and other Ethereum network stakeholders are advised to test their setup on the network.

the declaration bed:

“We strongly recommend developers go through a full test and deploy cycle on Kiln and report any issues with the tools or dependencies to the maintainers of those projects.”

The announcement also contained detailed instructions on how each stakeholder can use the testnets appropriately. Some have already used the testnet and given positive feedback.

What’s next for Ethereum

Ethereum’s transition from proof of work to proof of stake has been going on for years now. The completion of the merger will have a significant impact on the Ethereum network and the entire crypto ecosystem.

As the number one smart contract platform, a transition to proof-of-stake redefines blockchain and would encourage scalability. According to tag string community organizer, Superphizthe merger will reduce its energy footprint by 99.98%.

When will the merger

There is no specific date for the merger yet, except that many analysts believe it will be in the second quarter of the year, between June and July. The Ethereum difficulty bomb, which will make mining impossible on the network, is ready to go around this time.

Thus, the developers will have to continue with the merge or implement another hard fork to move the Bomb difficulty forward.

Ethereum is currently trading at around $2,500 after falling 2.5% in 24 hours. While the network still retains most of DeFi’s market share, the growth of other smart contract-enabled blockchains has increased competition within space.

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Posted in: Ethereum, Technology

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