In a historic moment for the Ethereum community, Goerli – one of the largest and most active Ethereum test networks – underwent a “consolidation” process on Wednesday night.
Consolidation is practically a multi-year upgrade for Ethereum that will move the network from a proof-of-work consensus model to a proof-of-stake, a process poised to make blockchains more efficient and more consumable. less enthusiasm.
In preparation for this big change, the developers ran many tests, but this latest one is different from the rest: Goerli testnet merge is the last – and most important – dry run for Ethereum before the merge happens on the so-called mainnet used by everyone. In other words, it’s a big agree.
Developers are watching the above process Launch praising the pandas scene shown in the code — a signal that Goerli’s testnet merge has worked. That said, it will take time for Ethereum developers to confirm if everything is going well or if the testnet merge has any unforeseen issues.
“We won’t really know until tonight or tomorrow [Goerli testnet] really merge,” the developer nicknamed Superphiz said during a live stream of the Zoom call for the Goerli testnet merger. “This won’t tell us success or failure.”
But now, finally, with the Goerli testnet merger done, the Ethereum developers are in a much better position to determine the probability of success for the mainnet upgrade.
The mainnet merge is estimated to take place in September, but depending on what the developers spot on the post-Goerli testnet merge, the date could change. The developers will likely discuss the Goerli testnet merge and set a date for the mainnet merge later this week.
“I am delighted to see these final steps to Ethereum proof-of-stake transition completed,” said Dima Buterin, the father of Ethereum co-founder Vitalik Buterin. Luck. “It is interesting that the second largest blockchain is reaching the point where it can cut energy usage by about 99.95%.”
Dubbed “the most important upgrade in Ethereum history” by the Ethereum Foundation, merging the network itself is a noble task — one that requires a great deal of effort, testing, and anticipation.
As mentioned before, developers ran through the merge process on multiple testnets before Goerli. That’s because testnets like Goerli are important to blockchains, as they are used by developers to test upgrades before being deployed on the mainnet. Testnets are similar to their mainnet variants and allow developers to test for bugs or security holes — preventing those shortcomings from affecting the main blockchain once activated.
“We saw the pandas, and it was fun,” said Superphiz, but “right now, it’s really about watching and waiting and seeing what the data looks like. We can’t evaluate the entire network until we look back at it.”
Price of Ether rose first of the Goerli testnet merge on Wednesday. Shortly after the Goerli consolidation trigger, Ether hit a 24-hour high of $1,912, according to Coin Gecko. The cryptocurrency is currently trading at around $1,877, up 12% from the past day.
This story has been updated with the price of Ether.
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