Skip to main content

Eth2 devs put out call to community to help test out the Merge

As the transition to Eth2 edges closer, Ethereum developers have launched a program for the non-technical users and technical users alike to help test the upcoming Beacon Chain merge.

Ethereum (ETH) developers have put out a call to the community to help test the long awaited Merge between the Ethereum Mainnet and the proof-of-stake (PoS) based Beacon Chain.

The Merge is a major milestone towards the transition to Eth2 as it will see the Ethereum network become a PoS blockchain, decreasing its energy consumption by 99%.

On Nov. 29 Ethereum developer Marius van der Wijden announced a new program to get the community involved in Merge testing that caters to three tiers: non-technical users, developers with limited experience in blockchain and highly technical and experienced blockchain developers.

For non-technical users the self-guided program provides them tasks such as setting up consensus layer clients, reporting failures and sending transactions.

For technical users, they can select objectives such as running their own validators, deploying and testing contracts and setting up their own testnets, while highly technically users can review the spec, propose invalid blocks and splittin the network by voting on invalid blocks.

The program calls on all participants to document as much of their work as possible and share it online under the “TestingTheMerge” hashtag on Twitter. Wijden has also pointed the community towards the Ethereum R&D discord channel to maintain communication throughout the testing program.

“The program is not compensated, but if you find a critical bug (consensus issue/panic), I’ll buy you a beverage of your choice at the next DevCon!” Wijden teased in the program outline.

Related: Even with Ethereum 2.0 underway, L2 scaling is still key to DeFi’s future

According to the Eth2 page on Ethereum.org, The Merge with the Beacon Chain is set to officially complete by Q1 or Q2 of 2022. The Merge is seen as the final chapter in the blockchain’s evolution to PoS consensus, however there is still more work to do before the transition to ETH 2.0 and sharding is complete.

The final piece of the puzzle is the Shard chains upgrade slated for late 2022 (AKA 'sharding'), which will see the network's load spread across 64 new chains to help the network scale its capabilities in a decentralized manner, with the aim of ramping up transactions per second and bringing down gas fees in the process.



from https://ift.tt/31jg8WQ
https://ift.tt/3EaCSH9
Labels:

Comments

Post a Comment

Any questions, Please.

Popular posts from this blog

Five Bitcoin Price Charts Analyzing The Dramatic Q1 2022 Conclusion

There are only hours remaining until the Q1 2022 close in Bitcoin price action. With the important quarterly candle set to close tonight, let’s look at what technicals might say about the direction of the next quarter. Q1 2022 Comes To A Close For Bitcoin The first quarter of a year, often sets the tone for the year to come. In investments, a poor Q1 performance is indicative of a bad year ahead. Considering the fact that Bitcoin price is now above $45,000 after touching $32,000 this quarter, it is tough to say the performance has been “poor” by anything other than crypto standards. Related Reading | Bitcoin Weekly Momentum Flips Bullish For First Time In 2022 The cryptocurrency has recovered nearly 40% from the low, leaving a long wick behind. Such a long wick suggests that before the quarter came to a close, buyers stepped up in a major way. Buyers were able to step up in a larger capacity in Q1 2022 than bears were able to in the final quarter of last year. The bearish wick to cl...
Post a Comment
Read more

FTX hacker reportedly transfers a portion of stolen funds to OKX after using Bitcoin mixer

On-chain activity suggests that the hacker has sent at least 225 BTC (4.5 million) to OKX so far. Hackers who drained FTX and FTX USA of over $450 million worth of assets just moments after the doomed crypto exchange filed for bankruptcy on Nov. 11, continue to move assets around in an attempt to launder the money.  A crypto analyst who goes by ZachXBT on Twitter alleged that the FTX hackers have transferred a portion of the stolen funds to the OKX exchange, after using the Bitcoin mixer ChipMixer. The analyst reported that at least 225 BTC — worth $4.1 million USD — has been sent to OKX so far.  1/ Myself and @bax1337 spent this past weekend looking into the FTX attacker’s deposits to ChipMixer. It appears they’ve likely been transferring a portion of the stolen FTX funds to OKX after withdrawing from CM So far we’ve accounted for at least $4.1m (255 BTC) sent to OKX pic.twitter.com/C46JZWtktn — ZachXBT (@zachxbt) November 29, 2022 According to ZachXBT, the FTX h...
Post a Comment
Read more

2 metrics signal the $1T crypto market cap support likely won’t hold

Despite the 8.5% weekly rally in cryptocurrencies, the lack of stablecoin premiums in Asia and futures markets activity shows buyers’ lack of confidence. Cryptocurrencies broke the $1 trillion market capitalization resistance on Oct. 26, which had been holding strong for the previous 41 days. Despite Bitcoin’s ( BTC ) modest 5.5% weekly gains, the aggregate value of 20,000 listed tokens increased by 8.5% between Oct. 24 and 31. Total crypto market cap, USD (in billions). Source: TradingView The cryptocurrency market was positively impacted by a 6.3% weekly rally in the Russell 2000 mid-capitalization stock market index. Some encouraging news accompanied the positive tailwinds from traditional markets. For instance,  55,000 BTC was withdrawn from Binance on Oct. 26, a record high. Typically, analysts consider the reduced number of coins deposited on exchanges a bullish indicator, as the immediate selling pressure eases. Moreover, exchange and wallet provider Blockchain.com ...
Post a Comment
Read more