Ethereum Price Surges Following The Final Testnet Details
2022年7月31日 - 05:00AM
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The Ethereum community has been anticipating the move from the
Proof-of-Work (PoW) to the Proof-of-Stake mechanism. Luckily for
everyone, the Merge will soon occur, and reports show that the
developers are approaching the final test phase before the
significant event. Tim Beiko, the lead developer on Ethereum,
disclosed these details on July 28. According to him, the testnet
transition will take place on the Goerli testnet, a close
simulation of the Ethereum mainnet. 📢📢📢 Goerli/Prater Merge
Announcement 📢 📢📢 Prater will run through the Bellatrix upgrade on
August 4th, and merge with Goerli between August 6-12th: if you run
a node or validator, this is your last chance to go through the
process before mainnet 🚨https://t.co/JAz5AJe12B — Tim Beiko |
timbeiko.eth 🐼 (@TimBeiko) July 27, 2022 This version is known as
Prator, and the date will be between August 6 and 12. The network
upgrade will be called Paris, but another upgrade, Bellatrix, will
position Prater well for the Goerl Merge. According to Beiko, the
date for the Bellatrix upgrade will be on August 4. However, the
lead developer also stated that validators and those who run nodes
on Ethereum should pass through the process to prepare thoroughly
for the mainnet move to PoS. Final Preparations Before Moving To
PoS According to the information released, the network has to
complete one more testnet. The developers have completed many
devnets, merges, and shadow forks on deprecated testnets. For
instance, early in July, the developers ended the ninth shadow fork
testing the MEV boost feature. In the announcement, the lead
developer stated that node operators must update their execution
and consensus layer clients in tandem. But for stakers and holders
of Ethereum, there’s nothing to do now. Those to take action are
the testnet participants and node operators. Related
Reading: Ethereum Barrels Past $1,700 – Next Target: $2,000
Regarding the significant Merge, the community already knows it
will take place on September 19, as the developers previously
announced. But if there is an issue with the Goerli testing phase,
the date might be pushed forward again. Merge Becomes The Most
Significant Ethereum Upgrade Since Ethereum started operating on
July 30, 2015, this is the highest upgrade on the network. But the
plans to migrate to the Poof-of-Work mechanism have been ongoing
for some years. Unfortunately, the developers have had many delays,
which haven’t been okay with the community. Thankfully, September
2022 will mark the end of the frustrations. For instance, traders
have staked 13.1 million ETH on Beacon Chain, worth $21.5 billion.
Even though these stakers earn 4.6% APY in Ether, withdrawing the
gains will only occur many months after the Merge. Related
Reading: Polkadot (DOT) Grinds 15% Higher Amid Sustained
Buying The announcement also brought another price surge for ETH as
it gained by 15% on July 28 to sell at $1,667 during the morning
hours of the Asian trading session. This position shows a 47%
increase over two weeks, even though it has yet to reach its 2021
highest price point. Featured image from Pexels, chart from
TradingView.com
Polkadot (COIN:DOTUSD)
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Polkadot (COIN:DOTUSD)
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