Ethereum developers have fun as Testnet merges to Proof-of-Stake

Share This Post

The Ropsten testnet for Ethereum has successfully merged to activate the beacon chain. The merge indicates that all testnet validators are now running the same version of the proof-of-stake codebase for Ethereum.

Ropsten proof-of-stake merge

The update to Ropsten was made live on May 30, and on June 8, validators successfully merged the code on schedule. The Beaconchain for the Ethereum mainnet was shipped back in December 2020 and ran parallel to the Proof-of-work consensus layer. The mainnet merge is scheduled for around August this year. An Ethereum client developer, Lodestar, announced,

“All signs are great so far, we are keeping an eye on the rocket to ensure it gets safely out of the atmosphere. AKA, we are keeping an eye on validator participation, if the clients are in consensus and seeing when the chain finalizes. Here is the panda for reference for liftoff.”

Ethereum developers are having fun.

The creativity of the web3 ecosystem is alive and well as “Panda Fusion” memes have found their way into the codebase for one of the most extensive network upgrades in history. The meme stems from community posts suggesting that the merging of consensus and execution layers will result in a Dragonball Z-style fusion of personas.

Validators shared different ASIIC artwork within their client codebase to celebrate the launch. Below are some of the masterpieces, including several pandas courses.

ropsten artwork
Source: Twitter
ropsten art
Source: Twitter
Source: Twitter

Proof-of-Stake performing well

Lodestar continued to report that the new proof-of-stake chain is performing well, stating:

” we need 66% within 2 epochs to finalize the chain. So missed blocks are not good, but we have enough to finalize at this rate.”

The chain achieved “about 86.3%” participation from validators which is more than enough to consider the merge a success. However, there were reports of missed blocks but not enough to cause any significant impact on the testnet. A block explorer for the Ropsten Beaconchain indicates that all blocks were produced successfully, with around 100k validators participating.

Some minor concerns

Ethhub Co-Founder, Sassal announced, “What a historic and thrilling day for the Ethereum community and what a thrilling day.” However, Ethereum creator Vitalik Buterin retweeted another announcement of the merge while tweeting about AI. The lack of interest from the Ethereum founder may stoke further fears that Vikalik is becoming unenamored with the project.

Co-Founder of Gnosis, Martin Koppelmann, indicated that there were some minor issues with the merge but nothing too severe as he stated,

“While the Ropsten merge overall went well you can still pretty clearly spot the point of the merge with a sudden drop of attestation participation rate. A hint that ~14% of the validators, likely specific client combinations, had some issues.”

ropsten merge
Source: Twitter

There are now just two testnets left to switch to proof-of-stake before the mainnet launch later this year. The Ropsten testnet is seen as “the testnet closest to mainnet,” which makes the merge such a monumental occasion. Not all testnets will be maintained post-merge as Ethereum developer Tim Beiko stated,

The post Ethereum developers have fun as Testnet merges to Proof-of-Stake appeared first on CryptoSlate.

Read Entire Article
spot_img
- Advertisement -spot_img

Related Posts

Bitget Partners With Solayer to Launch CEX-based Solana (SOL) Liquid Staking Services

Victoria, Seychelles, 22nd October 2024 – Bitget, the leading cryptocurrency exchange and Web3 company, has announced the launch of its Solana (SOL) liquid staking service, in partnership with

Crypto News Today (Oct 22nd, 2024): BTC Below $67k, ETH Aim For $3k, Memecoin Showing Gains!

The post Crypto News Today (Oct 22nd, 2024): BTC Below $67k, ETH Aim For $3k, Memecoin Showing Gains! appeared first on Coinpedia Fintech News Today, on October 22nd, 2024, the crypto market saw a

Avalanche Unleashes a New Way to Spend Crypto: Meet the Avalanche Visa Card

Avalanche has launched the Avalanche Card, a loadable debit card that allows users to make purchases using their crypto assets where Visa is accepted The card will initially be available to Latin

Ethereum Bullish Breakout Confirmed – Top Analyst Predicts $3,400 Target

Ethereum (ETH) trades above $2,600 after a 5% retrace from local highs around $2,750 Over the past two weeks, ETH has maintained a bullish trajectory, sparking optimism across the market as investors

India favors CBDCs over Bitcoin, Ethereum despite top rank in global adoption

Indian regulators are considering banning private cryptocurrencies like Bitcoin and prefer the potential of central bank digital currencies (CBDCs) to offer safer and more inclusive financial

Solana Price Prediction: Analyst Projects Colossal 400% Uptrend This Cycle, Reveals Ultimate Target

After a brief retracement, the Solana price has found support at the $163 mark and is currently trading at approximately $168 The cryptocurrency is again approaching a significant resistance level at