ETH devs implement first-ever ‘shadow fork’ as PoS testing continues

Share This Post

The shadow fork, which is intended to test the next phase of Ethereum’s configuration, has no impact on the existing mainnet.

Ethereum developers implemented the network’s first-ever “shadow fork” on Monday, marking an important milestone in the ongoing shift to a proof-of-stake (PoS) consensus. 

The shadow fork provides a venue for developers to stress test their assumptions around the network’s complex shift to PoS, according to Ethereum Foundation developer Parithosh Jayanthi. “The aim of the Kiln merge testnet was to allow the community to practice running their nodes, deploying contracts, testing infrastructure, etc.,” he tweeted on Sunday.

Kiln refers to the last testnet of the so-called merge, which involves transitioning Ethereum’s Execution Layer from proof-of-work to PoS. In a March 14 blog post, the Ethereum Foundation described the merge as a “culmination of six years of research and development” intended to make the network more secure and energy-efficient. 

Ethereum Foundation developer Marius van der Wijden confirmed on Monday that PoS testing was underway. “Today will be the first mainnet shadow fork ever. We’re roughly 690 blocks (~2 h) away from TTD,” he tweeted.

Positive developments surrounding the merge have fed an increasingly bullish narrative for Ethereum — one that allowed the Ether (ETH) price to temporarily break a months-long downtrend. While ETH and the broader crypto market are recoiling in a new bout of risk aversion, the prospect of earning passive rewards on the Ethereum network has attracted considerable interest from investors.

Related: Ethereum hash rate scores new ATH as PoS migration underway

The number of staked ETH on Ethereum’s Beacon Chain is fast approaching 10.9 billion, with the average balance currently 33.5 ETH, according to industry data. Beacon Chain currently has over 340,000 validators, which represents a gain of 13% from early March when the 300,000th validator was first recorded.

Read Entire Article
spot_img
- Advertisement -spot_img

Related Posts

WIF Price Approaches $2.89 Resistance As Bulls Regain Control

Dogwifhat (WIF) has resumed its upward trajectory, with the price approaching the key $289 level as bulls take back control After a period of consolidation, renewed buying pressure has fueled the

Pepecoin Investors Sell Shiba Inu Position To Buy More Mpeppe Before Bitmart Listing, Here’s How To Buy MPEPE

The cryptocurrency market continues to witness significant shifts as investors search for the next big opportunity Recently, Pepecoin (PEPE) and Shiba Inu (SHIB) have been major players in the meme

Survey suggests Democrat voters see crypto as slightly more important to election than Republicans

A survey by the Digital Chamber, a pro-crypto trade group, reveals that the crypto industry could impact the upcoming US Presidential Election even more than anticipated An estimated 26 million

MAGA (TRUMP) Price Prediction: MAGA Up 159% in a Month and This Could be the Next PolitiFi Token to Explode

The post MAGA (TRUMP) Price Prediction: MAGA Up 159% in a Month and This Could be the Next PolitiFi Token to Explode appeared first on Coinpedia Fintech News Donald Trump-themed meme coin, MAGA

VanEck Cuts Ethereum Price Prediction From $22,281 To $7,334: Here’s Why

The post VanEck Cuts Ethereum Price Prediction From $22,281 To $7,334: Here’s Why appeared first on Coinpedia Fintech News Asset management giant VanEck has slashed its long-term price forecast for

October Boosts Bitcoin Miners’ Revenue—But How Will the Election Shift the Market?

With bitcoin prices on the rise in October, miners are seeing a bit more cash in their pockets compared to the start of the month The network’s hashprice, which represents the value of one