Ethereum (ETH), the second-biggest cryptocurrency, is on the track to completing The Merge, a smooth transition from Proof-of-Work (PoW) to Proof-of-Stake (PoS) consensus.
Marius van der Wijden, a seasoned Ethereum (ETH) researcher and engineer, announced the fork today, April 11, 2022, on Twitter.
Proof-of-Stake (PoS) mechanisms are put to the test for the first time on the Ethereum mainnet. According to Ethereum (ETH) veteran Parithosh Jayanthi, the Ethereum Goerli testnet went through a similar procedure three times before being released.
“Shadow fork” necessitates contact with Beacon Chain infrastructure, and its procedures will be restarted many times. Its settings will be critical for Ethereum’s (ETHnext) phase of development, as they will mandate optimizations required in the run-up to the merging.
Technically, the “shadow fork” is approved in tandem with the “ordinary” Ethereum (ETH) mainnet and has no discernible impact on its operations.
Ethereum to Proof-of-stake
Ethereum (ETH) developers emphasised that this is a revolutionary event and that newcomers to Ethereum are not encouraged to participate. The Ethereum (ETH) network just completed its latest pre-Merge testnet, named Kiln. It’s set to allow EF to experiment with all of the configurations needed to switch Ethereum (ETH) to Proof-of-Stake (PoS).
The Shanghai agenda, the next hardfork for the first smart contract platform, was just revealed by Ethereum (ETH) developers. It’s made to boost Ethereum’s L2s’ performance and resource efficiency.
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