Ethereum has been working for a long time to move to the Proof of Stake or PoS and is waiting for the last chance to complete the merger. Vitalik Buterin, founder of the blockchain, has pointed out that the delays are due more to the developers than to technical problems. Before taking the step to PoS, a test network must be created to test how the network would work with this consensus method, according to Best Owie en Bitcoinist.
These nets have undergone various tests before launch. They have been a way of testing every update that has been rolled out to the network to make sure they work as intended. This time, the kiln testnet it is being used to test how Ethereum would perform after moving to the mainnet and the results have been impressive.
Kiln Testnet says it’s ready to go
Tim Beiko, one of the main developers of Ethereum, took to Twitter to share some positive news about the network. The developer posted a link to the official blockchain website where details of a recent test conducted on the Kiln testnet returned good results.
According to the post, the team had used the Kiln testnet to test how Ethereum would perform in proof of stake. The testnet was launched under a proof of work mechanism just like the main network. A successor to the fusion testnet of Kintsugi, The Mergewas held on the testnet on March 15, 2022. After the merger, the testnet is now runs entirely under proof of stake.
Kiln is the latest of the merger testnets that have been created to test merger. Going forward, existing testnets will be upgraded and the Kintsugi testnet will be deprecated in the coming weeks.
When will Ethereum merge?
A definite date for the Ethereum mainnet’s switch to proof-of-stake has not yet been announced. The team has said that the fusion will come sometime in mid 2022, but nothing is set in stone. However, the successes of these testnets have shown that the network could be more than ready to launch on the previously announced timeframe.
As for the movement itself, the validators (bets) they will need to be run on a runtime client after The Merge completes. The reason behind this was explained as follows:
“After the merger, validators need to ensure that the block transactions they create and certify are valid. This requires a runtime client. While this broadens the responsibilities of validators, it also gives a validator proposing a block the right to its associated transaction priority fees (which currently go to miners).”
Existing participants can try the Kiln testnet on the website, which provides a simple user interface to get started.
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In the first minutes of this Thursday Ethereum It is trading at $2,700 and the last moving average crossover, the 70-period moving average below the 200-period moving average, would give us a bearish signal.
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