Ethereum’s Ropsten testnet successfully merged with the Beacon Chain proof-of-participation network. One step closer to the final transition to PoS.
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- Ethereum reached a milestone in its transition to PoS.
- After Ropsten, other test networks will also merge with PoS.
- ‘The Merge’ on the Ethereum mainnet could arrive in August.
Ethereum a decentralized open-source blockchain with smart contracts functionality. the second largest blockchain a distributed ledger system. A sequence of blocks, or units of digital information, stored consecutively in a public database. The basis for cryptocurrencies. by market an area or arena, online or offline, in which commercial dealings are conducted. capitalization, has completed a historic milestone on its way to transitioning to Proof of Stake (PoS).
The test network a network refers to all nodes in the operation of a blockchain at any given moment in time. ( testnet an alternative blockchain used by developers for testing. ) of Ethereum , Ropsten completed an upgrade on Wednesday that successfully merged its proof-of-work poW is a type of consensus algorithm that rewards validators according to the amount of computational power they have expended. (PoW) execution layer with the proof-of-participation consensus consensus is achieved when all participants of the network agree on the order and content of the blocks in the blockchain. string of Beacon Chain. In simple terms, this step is a first rehearsal for the broader transition of the platform. Ethereum from PoW to PoS.
The Ropsten network just merged!
One of the last testnets until we merge on the #Ethereum mainnet???? https://t.co/3lvlUfcAT4 pic.twitter.com/knd1IBlD8A
— Bitfly (@etherchain_org) June 8, 2022
As he points outThe Block a file containing information on transactions completed during a given time period. Blocks are the constituent parts of a blockchain.the client’s software teams were involved in the merger, includingLighthouse, Lodestar, Prysm, Teku, Besu, Erigon, go-ethereum (geth) yNethermind.
A milestone for Ethereum on its way to PoS
The operation in testnet which took place as planned marks a significant milestone in the long a situation where you buy a cryptocurrency with the expectation of selling it at a higher price for profit later. process of upgrading known as the “The Merge“(Fusion) that will make Ethereum abandon its current PoW consensus mechanism for a more energy-efficient and environmentally friendly proof-of-participation mechanism.
Currently, Ethereum relies on a proof-of-work system whereby miners contributors to a blockchain taking part in the process of mining. They can be professional miners or organizations with large-scale operations, or hobbyists who set up mining rigs at home or in the office. expend energy to discover new blocks and add them to the blockchain, earning newly issued ETH as well as a share of transaction fees and tips. However, once it switches to PoS validators will assume the role of adding new blocks. The network will also no longer rely on compute-heavy equipment, which is expected to reduce its energy expenditure by more than 90%.
The trial in Ropsten antes de la gran transición definitiva de Ethereum as it allows to replicate a process identical to the one that will go through the main network of Ethereum when you formally deploy this update. It is worth noting that Ropsten created in 2016, is considered to be one of the best replicas of the main network of Ethereum .
On the other hand, it should be recalled that Beacon Chain is the PoS coordination chain of Ethereum and running in parallel with the current PoW main chain. Launched in late 2020, Beacon Chain already has validators who create and validate new blocks under the proof-of-stake poS is a type of consensus algorithm that rewards validators according to the amount of crypto they have staked. consensus mechanism.
What to expect ? Vitalik Buterin comments
The merger of Ropsten is the first trial of its kind, and its outcome will help inform the future steps of developers as they move towards real fusion on the mainnet.
However, there are still a few more steps to go before the mainnet merger, as the complexity of such a change change — a concept relevant to cryptocurrencies that use the UTXO model — is the number of coins sent back to a user after they use their unspent outputs to initiate a transaction. in the code the action of coding is to write programming statements for a program. of the Ethereum requires multiple tests on several testnets as pointed out by CoinDesk . It is expected that in the coming months, two other test networks, Goerli y Seoplia undergo their own updates to test ‘.The Merge‘.
There is not yet a precise timetable for the merger in the main network of Ethereum , pero some developers have noted August as a tentative date . After the successful merger of Ropsten today, the prospect for an update of the mainnet an independent blockchain running its own network with its own technology and protocol. now seems more likely to occur in the third quarter of this 2022.
However, the main founder of Ethereum Vitalik Buterin, who had previously given a more conservative estimate for between September and October, has cautioned that it is still necessary to follow the testing and closely watch the latest update in Ropsten before taking the big step. In a broadcast today, which was quoted byThe Block, Buterin said:
That the fusion worked well for 6 hours is not evidence of complete success. . There are all these kinds of longer-term issues around EVM [Ethereum Virtual Machine] and centralization and protection against DOS attacks and things that could affect us 3 weeks after the merge, instead of 2 minutes during the process .
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Article by Hannah Estefania Perez / DiarioBitcoin
Imagen de Unsplash
