Ethereum, the most commercial blockchain network in the world, is getting closer to its upcoming energy efficient revamp. The proof-of-stake (PoS) upgrade of Ethereum, dubbed the Merge, has successfully completed a trial on the public test network called Sepolia. This test marks the Merge’s second-to-last trial test and its completion has catapulted Ethereum developers into a frenzy of excitement. The project has seen several delays in recent times and in the words of Ethereum developers and educators, “..the Merge is coming.”
The Sepolia testnet will continue to be monitored for the coming days.
“Sepolia will be the second of three public testnets to run through the Merge. The network will transition to proof-of-stake when the total difficulty on the proof-of-work chain exceeds 17,000,000,000,000,000, which is expected to occur around in the next few days,” said an official blog post from Ethereum coders.
As per Terence Tsao, an Ethereum protocol developer, no “hiccups” will delay the release of the Merge update.
– There’s no client bug. These hiccups will not delay the merge
– Finally, this is what testnets are. To enable interested parties to test their setups and configs. Better now than the mainnet
— terence.eth (@terencechain) July 6, 2022
These tests that the Merge is going through are for developers to understand how the upgraded network will look like, in terms of performance, upon release.
The developers are running extensive tests on the Ethereum revamp because decentralised finance (DeFi) apps reportedly worth over $100 billion (roughly Rs. 7,61,110 crore) are supported on the blockchain, and cannot be put in jeopardy.
As per Vitalik Buterin, Ethereum co-founder — other non-critical issues that may not be caught in these tests will also be…