Ethereum has merged the Goerli test network with the PoS method. What does it mean for the blockchain? What impact has it had on the cryptocurrency price? And what do the project leaders think about it?
Ethereum’s largest test network has successfully switched to the PoS consensus mechanism. EthHub co-founder Anthony Sassano wrote about it in his tweet on August 11.
To achieve the desired result, the tech team merged Goerli with the PoS consensus blockchain Beacon Chain called Prater. In total, the blocks exceeded the value of 10,079,000.
Marius van der Wijden, the developer of Ethereum, said that as the transformation progressed, there was some disarray in the network because of two separate terminal blocks and non-updated nodes. Therefore, the transition was completed later than expected. Despite the peculiarities above, the test network is working correctly.
Months earlier, the Ethereum team had done a similar thing with their other testnets, Ropsten and Sepolia. After they demonstrated promising results, it was decided to proceed further.
Each of the transitions is part of a multi-year process of blockchain modernization. Developers are preparing for Ethereum to be completely rid of the Proof-of-Work algorithm and merge with Proof-of-Stake. This is expected to occur in September 2022 and allow the network to operate more efficiently and ecologically.
The switch to a new algorithm was made in test networks to avoid possible errors and security problems in the main network. The testnets are fully compliant with Ethereum parameters, which helps developers identify and prevent the impact of certain shortcomings on the core blockchain when connecting it to PoS.
The Ethereum merger is considered a significant cryptographic event. No other major blockchain has made such radical changes. Note that founder Vitalik Buterin has been talking about a blockchain merger since 2015.
On the eve of Goerli’s integration with the Proof-of-Stake method, the value of ETH spiked and subsequently tested a 24-hour high of $1,912.
Recall that Ethereum has two other test networks – Kiln and Rinkeby. They will not be switched to PoS because they are planned to be closed.
