New Ethereum developer Tim Beiko announced the launch of the Kintsugi Merge Testnet, which calls it an opportunity for the community to experience the post-merger Ethereum. Beiko specified,
“Over the past few months, customer teams have worked tirelessly to reach new consolidation milestones. They are now being streamed live on a new test network: Kintsugi. ”
The idea of the testnet is to “allow projects to start testing and prototyping on Kintsugi to resolve potential problems” such as might arise with the merger of Ethereum with the Beacon Chain.
Meanwhile, the Ethereum blog post states that all feedback and clarifications will be made on Discord for further improvement.
Although ETH 2.0 is on the rise, it’s not quite finished with a proof-of-stake model. It was only after the community experimented with merging the POW and POS models that the chain was able to switch completely to POS.
Keep in mind that Ethereum’s PoS-based beacon chain started working late last year.
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With the Arrow Glacier upgrade beginning December 9, consolidation is slated to occur before June 2022. With that in mind, the EIP-4345 difficulty bomb date is slated for next June.
In terms of price action, a recent report from CryptoCompare showed how ETH became the top performing asset in November, with an estimated return of 7.9% for the month.
The former president of Argentina Mauricio Macri recently described Ethereum as one of the “most innovative” decentralized technologies of the century. He said this in a post after meeting project co-founder Vitalik Buterin.
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Recently, Co-Founder Vitalik Buterin stated that “Despite the uncertainty inherent in it, Ethereum is very well positioned to adapt to this futuristic world.” While it is currently impossible to know how the transition to PoS will happen, Buterin shared a “reasonable one Roadmap “for the future of the chain. Add,
“Ethereum is open to all futures contracts and there is no need to comment on which one will necessarily win.”
It should also be noted that at the time of creation, ETH 2.0 custody contracts above The stake value is 8,732,084 ether.