After the success of the Rospsten testnet, Sepolia is the next network to conduct an upgrade test of Ethereum 2.0 – The Merge.
The development team has officially tested Ethereum 2.0 on Sepolia, Ethereum’s main testnet.
After merging with Beacon Chain, the Sepolia testnet will begin to reach consensus through the Proof-of-Stake (PoS) mechanism. The exact date of the merger is yet to be revealed.
Bringing The Merge to Sepolia is necessary to ensure the upgrade works properly on all tesnets before it goes live on mainnet in early August, if all goes according to schedule. On the evening of June 8, the Ethereum development team announced that The Merge has responded well on the Ropsten testnet.
The Merge is the current Ethereum 1.0 (using Proof-of-Work, mining) blockchain integration event, with the Ethereum 2.0 blockchain (using Proof-of-Stake, staking money) under construction. This is arguably the most important milestone in the development history of Ethereum.
Sepolia was launched in October 2021. Tim Beiko, one of the lead developers of Ethereum, confirmed in April that the Ropsten testnet will be phased out over time and replaced by Sepolia. As a result, projects that launch apps on Ropsten have been encouraged to migrate their platform to Sepolia to avoid unintended fluctuations.
The Merge was originally expected to officially launch around June 2022. However, for various reasons, the ETH development team has repeatedly announced the postponement. Ethereum has decided to delay the “difficulty bomb” for about 2-3 months, this is the 6th time this bomb has been delayed since 2017, which means that the moment of transition to PoS will be again delayed. Once this bomb is activated, it will make the Ethereum network extremely difficult to mine, forcing miners to switch to the Proof-of-Stake transaction validation mechanism.
ETH price has been quite active in the past 24 hours and is currently trading at $1,130.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
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