Ethereum Developers Announce Good News for the Network

Ethereum core developers met yesterday to discuss major network upgrades and new privacy-related functionality. The fortnightly developer meeting showcased testnet progress on a zero-knowledge technology that enables ‘secret transactions’ for the network.

The developers announced last week that they had finally launched the Holesky testnet after an unsuccessful attempt. As Koinfinans.com reported, Holesky will replace the previous Goerli testnet to support more robust testing of planned improvements such as sharding.

With the activation of the Holesky network, developers will run more demanding tests using the Devnet9 and 10 networks. These temporary testnets include the Dencun hard fork, which implements proto-danksharding to increase the scalability of the Ethereum network. will confirm.

Developers also introduced zero-knowledge “wormhole” technology, which allows users to transfer data privately to the network. This new concept will allow users to secretly re-mint previously burned ETH by providing cryptographic proof without revealing transaction details.

If implemented, the provable burning and reminting process would facilitate a privacy-preserving subset of Ether. Ethereum leaders believe this technology holds promise for initiating private transactions without compromising security.

In other updates, monitoring for code changes continues as the Shanghai upgrade approaches. Tentatively scheduled for early 2023, Shanghai will implement low-risk improvements while more complex mergers are refined.


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