Ethereum (ETH) Work continues at full speed for the transition of the network from ‘proof of work (PoW) to ‘proof of stake (PoS)’. The transition, which is expected to take place in the summer this year, is being prepared with the promise of solving existing problems. The core developers of the network have announced that they expect ‘The Merge’ or ‘Merge’ to occur around June 8, 2022. With just a short time before June 8th, the Ropsten testnet is ready for first trials.
Ethereum developer Tim Beiko announced in a recent tweet thread that a new ‘beacon chain’ is ready for the Ropsten testnet, and this testnet has been deemed ‘suitable’ as it reflects various aspects of the mainnet.
📣 Ropsten Merge Announcement 📣
Ethereum’s longest lived PoW testnet is moving to Proof of Stake! A new beacon chain has been launched today, and The Merge is expected around June 8th on the network.
Node Operators: this is the first dress rehearsal💃https://t.co/0fDHObLOmn
— Tim Beiko | timbeiko.eth 🐼 (@TimBeiko) May 30, 2022
How Will Ethereum Ropsten Help ‘Convergence’?
Over the past few years, Ethereum has witnessed a series of network upgrades. Launched in 2016, Ropsten is one of the longest running PoW testnets. Now, on June 2, 2022, Ropsten, which facilitates the transition of the network to PoS, beacon chain You will need to activate the Bellatrix upgrade via
Following this development, Terminal Total Difficulty (TTD), a PoW total difficulty figure, will be determined to start the temporary full. This will be decided on June 2 or 3, mostly to prevent miners from disrupting the transfer.
Moreover, RopstenIt is also stated that it provides a first look for developers. This transition will only be possible if all the node runners are prepared in advance. Beiko further elaborated on the role of knot runners, saying:
“If you’re running a node, validator, or infrastructure/team provider, it’s time to get used to this transition.”
The price of local asset ETH is close to recovery as the Ethereum network prepares for the highly anticipated network upgrade. At press time, the altcoin was trading at $1,971, up 3.62 percent in the last 24 hours.
Additionally, the Ethereum network fee has slumped to a ten-month low.
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