Ethereum

Shadow Fork Final Episode Rehearsal Succeeded, The Merge Is Coming

The network’s 13th and final shadow fork executed successfully. This is the absolute ultimate rehearsal for a major and historic upgrade. As expected, The Merge will take place on September 13-15.

On September 9, the 13th shadow fork of the Ethereum mainnet seemingly went off without a hitch. Shadow forks are concentrated tests of certain portions of the merging that look for faults and simulate the process of changing the Ethereum mainnet’s underlying mechanism from the present proof-of-work mining model to proof of stake, which will put an end to mining on the network.

The network’s engineers have run test after test in the frantic lead-up to Ethereum’s much awaited merging to ensure everything goes without a hitch when the second-largest cryptocurrency by market capitalization switches to proof of stake sometime next week.

On September 9, Ethereum successfully completed what its developers say is the absolute final dress rehearsal for the historic and massive upgrade, which is likely to occur between September 13 and 15.

Last week, during Bellatrix, a key pre-merge upgrade, the Ethereum network encountered some hiccups when its “missed block rate” spiked by some 1,700%. 

The missed-block-rate metric measures how frequently the Ethereum network fails to verify a block of transactions slated for validation. Typically, about 0.5% of blocks encounter this issue; in the hours following the Bellatrix upgrade, that figure surged to 9%. 

At the time of the Bellatrix upgrade, 26.5% of Ethereum’s nodes still had yet to upgrade their software. As of writing, that figure has lowered to 16,3%, per Ethernodes

Terence Tsao, an Ethereum core developer, told Decrypt that today’s shadow fork tested this missed block rate issue, and found it to be functioning “basically perfectly”.

The developers of Ethereum have consistently expressed confidence that the merging will happen according to schedule. The test runs have nevertheless persisted, possibly more so than anything else to give developers some relief.

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.

Join CoinCu Telegram to keep track of news: https://t.me/coincunews

Follow CoinCu Youtube Channel | Follow CoinCu Facebook page

Foxy

CoinCu News

Andy

Recent Posts

Bitbot’s Presale Passes $3M After AI Development Update

London, United Kingdom, May 2nd, 2024, ChainwireAI-powered Telegram trading bot, Bitbot, has surged past the…

3 hours ago

PayPal Cryptocurrency Purchases Now Enhanced Supported By MoonPay

The partnership aims to streamline PayPal cryptocurrency purchases, enhancing accessibility and security.

8 hours ago

BNP Paribas Buys BlackRock spot Bitcoin ETF Shares!

BNP Paribas, the continent's second-largest bank, has made a bold move by acquiring shares of…

8 hours ago

April Crypto VC Report: $1.02B Invested, Monad Labs Leads with $225M!

April witnessed a flurry of activity in the crypto VC space, with the release of…

8 hours ago

Hong Kong Spot ETFs Hit $8.75M, U.S. Bitcoin ETFs $78M

On May 2, the burgeoning market for cryptocurrency spot ETFs in Hong Kong witnessed a…

9 hours ago

Fed’s Powell Announces Rate Hike Pause, QT Slowing!

Federal Open Market Committee (FOMC) meeting, Chairman Jerome Powell delivered a message of monetary policy…

9 hours ago

This website uses cookies.