Ropsten becomes the latest testnet on which the Merge will be implemented before the final transition occurs later this year.
Big Step Towards the Merge
The Ethereum developers have just surpassed a new milestone in the network’s path of transitioning from a Proof-of-Work (PoW) to a Proof-of-Stake (PoS) network by deploying the upcoming Merge on the network’s Ropsten testnet.
An Ethereum blog post revealed that the upcoming Merge has been deployed on the network’s Ropsten testnet on June 8. This entailed that the proof of work execution layer was successfully merged with the Beacon chain, the proof of stake consensus layer, to recreate the final transition on the mainnet. The Merge is the biggest milestone in the roadmap of Ethereum yet, and it has taken several delays that lasted years for the development and network to finally come to a stage where the final transition seems to be in sight.
“The Merge is different from previous Ethereum upgrades in two ways. First, node operators need to update both their consensus and execution layer clients in tandem, rather than just one of the two,” mentioned the Ethereum blog. “Second, the upgrade activates in two phases: the first at a slot height on the Beacon Chain and the second upon hitting a Total Difficulty value on the execution layer.”
The Merge brings about several changes to the Ethereum network. A few of them are highlighted below:
The transition from currently being partially a PoS network to a fully PoS network where eth1, the execution layer, and eth2, the consensus layer, work in tandem.
Miners will become irrelevant and be forced to move to become validators/stakers.
Despite the widespread notion that the Merge will reduce the transaction/gas fees on the network, the transition will not impact the transaction fees.
The deployment of the Merge on the Ropsten testnet remains one of the most important testing grounds to gauge the reliability of the Merge due to its close resemblance with the mainnet. The Merge has been previously deployed on the Kiln and Kintsugi testnet. In the coming months leading up to the final transition to PoS, the Merge will also be deployed on the Goerli and Seoplia testnets.
According to the latest information from Vitalik Buterin, the co-founder of Ethereum, speaking at the ETH Shanghai summit, the Merge is set to finally happen in August this year. However, he also gave room for potential hiccups and stated that the Merge could happen in September or October. Irrespective of the timeline, it is evident that this year will bring the final transition to PoS for the Ethereum community.
What is Ethereum:
Ethereum is the most utilized blockchain network within the Decentralized Finance (DeFi) markets due to its smart contract functionality for developers to deploy. Ethereum was founded in 2015 by a team of developers that included Vitalik Buterin and the founder of Polkadot, Gavin Wood. After the inclusion of the smart contract functionality, Ethereum went on to become the most popular network for the deployment of Decentralized Applications (dApps) and currently has a total value locked (TVL) of $67.3 billion, as per data from DeFiLlama.
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