Ethereum ‘Merge’: The Final Public Test Phase For ETH Is Scheduled On…

‘Eth2’ or now called ‘consensus layer’ had a speculative date for the launch. However, one Reddit member (u/superphiz) from the r/ethsaker community predicted that it would happen in June of this year.

It is important to note that the Kiln testnet was the last public testing phase before the highly anticipated Ethereum ‘Merge’.

To come closer

Now, more than ever, ‘Merge’ on the Ethereum network is closer to full implementation after the latest public testnet Kiln launched to test it. In a March 14 tweet, Ethereum developer Tim Beiko . said confirmed that Oven has gone live. And it would be ready to merge with the Beacon Chain very soon.

Application and tooling developers, node operators, infrastructure providers and strikers were encouraged to test on Kiln to ensure a smooth transition to existing public test networks.

Kiln was working in a proof-of-work test environment for Ethereum developers, node operators and strikers at the time of going to press. It will be the last public testnet before the entire network transitions to proof-of-stake of PoW sometime this year.

Kiln would likely test the merger in full after March 17. Likewise, Kintsugi, the previous merge testnet, was set to be discontinued in the coming weeks.

The transition of the Ethereum mainnet from PoW to PoS is an important milestone in the evolution of the network. This next phase of Ethereum allowed blockchain security to rely on staked tokens rather than expensive and powerful mining hardware.

Already buzzing

More than 10.1 million ether (ETH) was locked on Ethereum’s Eth 2.0 staking contract prior to a planned upgrade. It was worth about $27 billion at the time of going to press. Additionally, Ethereum’s cost structure witnessed an 8-month low, another bullish development.

Source: Holiness

ETH had charges recently below $4.10 in mid-July according to the above chart. Interestingly, at the time of writing Ethereum traded shy of the key USD 2,600 and USD 2,620 resistance levels with a fresh 2.6% correction in 24 hours.

Leave a Comment