‘Eth2’ or now called ‘consensus layer’ had a speculative date for the launch. However, a Reddit member (u/superphiz) of the r/ethsaker community predicted that this would happen in June of this year.
It is important to note that the Kiln testnet was the last public testing phase before the highly anticipated Ethereum ‘Merge’.
To come closer
Now, more than ever, ‘Merge’ on the Ethereum network is closer to full implementation after the latest public testnet Kiln launched to test it. In a March 14 tweet, Ethereum developer Tim Beiko . said confirmed that Oven has gone live. And it would be ready to merge with the Beacon Chain very soon.
Kiln, the next iteration of Ethereum merge testnets, is now live
It is strongly recommended that node operators, application developers, strikers, tooling/infra providers test their settings on the network. Blog post has all the information to get started 😁https://t.co/TCHBZxcFlt
— Tim Beiko | timbeiko.eth 🔥🧱 (@TimBeiko) March 14, 2022
Application and tooling developers, node operators, infrastructure providers and strikers were encouraged to test on Kiln to ensure a smooth transition to existing public test networks.
Kiln was working in a proof-of-work test environment for Ethereum developers, node operators and strikers at the time of going to press. It will be the last public testnet before the entire network transitions to proof-of-stake of PoW sometime this year.
— Ethereum CLWP 🔑 EIP-4736 (@EthCLWP) March 14, 2022
Kiln would likely test the merger in full after March 17. Likewise, Kintsugi, the previous merge testnet, was set to be discontinued in the coming weeks.
The transition of the Ethereum mainnet from PoW to PoS is an important milestone in the evolution of the network. This next phase of Ethereum allowed blockchain security to rely on staked tokens rather than expensive and powerful mining hardware.
More than 10.1 million ether (ETH) was locked to Ethereum’s Eth 2.0 strike contract prior to a planned upgrade. It was worth about $27 billion at the time of going to press. Additionally, Ethereum’s cost structure witnessed an 8-month low, another bullish development.
ETH had charges recently below $4.10 in mid-July according to the above chart. Interestingly, at the time of writing, Ethereum eschewed the key resistance levels of $2,600 and $2,620 with a fresh 2.6% correction within 24 hours.
This post Ethereum ‘Merge’: The Final Public Test Phase For ETH Is Scheduled On…
was published first on https://ambcrypto.com/ethereum-merge-the-final-public-testing-phase-for-eth-is-slated-on/