Ethereum

Ethereum (ETH) Kintsugi Testnet rallies go live in preparation for ETH 2.0

For over a year ether The community got the start of ETH 2.0that many expect to bring big changes to the network. final The long awaited ETH 2.0 was introduced with the introduction of. brought one step closer to success Kintsugi, a public test network.

Ethereum launches Kintsugi-Testnet

On Monday, December 20th, Ethereum announced the launch of. on Kintsugi test network to prepare for Introduction of ETH 2.0. Kintsugi is a Japanese word for the art of repairing broken ceramics with golden lacquer. The same process that Ethereum is hoping to adopt.

According to Ethereum, the testnet will help the developers to bring the network’s mainnet together Signal chain. In addition, Ethereum has announced that the merged network will be a more scalable and efficient blockchain.

According to the announcement, Kintsugi Testnet is only in beta testing. Developers will test Kintsugi during this time and give feedback before the ETH 2.0 testnet officially starts in the second quarter of 2022.

By switching to a proof-of-stake consensus mechanism, ETH 2.0 expands the available space in the network. With more space, the Ethereum network is expected to be faster and more efficient, effectively putting an end to the high transaction fees that have plagued the network for years.

ETH rallies after the news

Following the announcement, Ether started a fairly strong rally that rose more than 7% in the past 24 hours, bringing in $ 4,000 in the process. At the time of writing, ETH is currently trading at $ 4,016, with a market cap of $ 477.2 billion.

Why should you care?

With Ethereum 2.0 being billed to solve many of the problems that plagued the network, the long-awaited upgrade could be the final piece of the puzzle to ensure Ethereum dominance.

Coincu

Recent Posts

Best Crypto Presales to Watch This November: Get in Early on These Potential Breakout Coins

So, you’re on the lookout for the next big thing in crypto? Aren’t we all?…

1 hour ago

Robinhood Crypto Now Supports Solana Trading Again

Robinhood Crypto has expanded its U.S. platform with the addition of Solana, Pepe, Cardano, and…

6 hours ago

Missed Out on Chainlink Early Gains? This Layer-1 Project is Set to Explode to $15 After Mainnet Launch

If you’ve been following the crypto space, you already know that Chainlink (LINK) has been…

6 hours ago

BlackRock BUIDL Fund Expanded to New Blockchains to Boost Accessibility

BlackRock BUIDL funds have been expanded to Arbitrum, Aptos, Avalanche, Optimism, and Polygon.

8 hours ago

Metaplanet Bitcoin Holdings Helps Company Earn $28 Million in Profit

Tokyo-based Metaplanet Bitcoin holdings grew by $28 million, doubling to 1,018.17 BTC since late September.

8 hours ago

This website uses cookies.