The third and final testnet has been successfully executed.
Around 1:45 AM UTC today, the Goerli testnet merge was completed.
The testnet Merge, which involved a Proof-of-Stake beacon chain called Prater and the Goerli testnet merging, is the last trial run before the actual Merge.
When Goerli reached a total difficulty of 10,790,000, the Goerli/Prater merge took place.
The ‘Merge,’ which will take place in September, is considered crucial. No blockchain with Ethereum’s degree of significance and control has undergone such a profound transition, making it one of the most critical moments in cryptocurrency history.
In the Merge, The Proof-of-Stake Beacon Chain, which now exists in parallel to the mainnet, and the current Proof-of-Work Ethereum Mainnet will combine as a result of this sophisticated technical operation.
The Beacon Chain’s Proof-of-Stake mechanism will replace the network’s block production engine after the Merge.
The two prior testnets, Sepolia and Ropsten, have been successfully merged from the Proof of Work to Proof of Stake system.
The Merge means shifting the network from Proof of Work to Proof of stake, a process that will make the blockchain model more efficient and less energy-consuming.
Additionally, it opens the door for sharding, a scalability solution that entails splitting the data on the network into smaller, easier-to-manage chunks.
Before Goerli, developers tested the Merge on many testnets. Because developers utilize testnets like Goerli to test improvements before deploying them on the mainnet, testnets like these are essential for blockchains.
The testnets, which resemble their mainnet counterparts, let engineers look for faults or security flaws before they are introduced into the main blockchain.
Ether is up by 12.35% in the last 24 hours, according to CoinMarketCap at the time of writing.