LayerZero Revolutionizes ETH To Goerli-ETH Exchange With Testnet Bridge
Key Points:
- The Testnet Bridge by LayerZero enables users to purchase Goerli-ETH with $ETH through a liquidity pool deployed on the main and Goerli test networks.
- The product has received mixed reactions from the Ethereum community. Some developers expressed frustration with the faucet process for obtaining Goerli-ETH; others criticized the Testnet Bridge’s potential negative impact on the public good.
LayerZero recently launched Testnet Bridge, a new product that enables users to purchase Goerli-ETH with $ETH. Besides, the cross-chain bridge has garnered positive and negative reactions from the Ethereum community on Twitter.
Testnet Bridge allows users to purchase Goerli-ETH with $ETH through a liquidity pool deployed on the main and Goerli test networks. With the cross-chain bridge, users can swap their $ETH on the mainnet for Goerli-ETH and vice versa. The product has received positive feedback and strong opposition from the Ethereum community, particularly Ethereum developers.
LayerZero’s Testnet Bridge creates a marketplace where users can purchase Goerli-ETH using $ETH, giving value to the Goerli-ETH currency, initially priced at $0.1.
This allows Ethereum developers to obtain Goerli-ETH on the testnet without having to rely on Goerli faucets. LayerZero has deployed a liquidity pool on the main network (ETH / Goerli-ETH) and the Goerli test network (Goerli-ETH / Mainnet-ETH) so users can easily swap between the two currencies.
However, Gregory Markou, the co-founder of ChainSafe and former member of Eth Core Dev, disagrees with LayerZero’s claim that the Testnet Bridge is in the public interest. According to Markou, “This is not good for the public good, it is harmful. Ethereum does not have a canary network, and this is to create value on a network that lacks a well-thought-out economic system.”
In the comment section, some developers expressed frustration with the time-consuming and labor-intensive process of obtaining Goerli-ETH through the faucet and indicated a willingness to purchase more testnet tokens if needed.
However, Gregory Markou disagrees with the need for application developers to have a lot of Goerli-ETH, citing an Ethereum Foundation video recommending the use of Sepolia for testing applications instead of Goerli. Ethereum Foundation developer parties also agrees with this sentiment, stating, “Please don’t (buy Goerli-ETH). Use Sepolia instead!”
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 us to keep track of news: https://linktr.ee/coincu
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LayerZero Revolutionizes ETH To Goerli-ETH Exchange With Testnet Bridge
Key Points:
- The Testnet Bridge by LayerZero enables users to purchase Goerli-ETH with $ETH through a liquidity pool deployed on the main and Goerli test networks.
- The product has received mixed reactions from the Ethereum community. Some developers expressed frustration with the faucet process for obtaining Goerli-ETH; others criticized the Testnet Bridge’s potential negative impact on the public good.
LayerZero recently launched Testnet Bridge, a new product that enables users to purchase Goerli-ETH with $ETH. Besides, the cross-chain bridge has garnered positive and negative reactions from the Ethereum community on Twitter.
Testnet Bridge allows users to purchase Goerli-ETH with $ETH through a liquidity pool deployed on the main and Goerli test networks. With the cross-chain bridge, users can swap their $ETH on the mainnet for Goerli-ETH and vice versa. The product has received positive feedback and strong opposition from the Ethereum community, particularly Ethereum developers.
LayerZero’s Testnet Bridge creates a marketplace where users can purchase Goerli-ETH using $ETH, giving value to the Goerli-ETH currency, initially priced at $0.1.
This allows Ethereum developers to obtain Goerli-ETH on the testnet without having to rely on Goerli faucets. LayerZero has deployed a liquidity pool on the main network (ETH / Goerli-ETH) and the Goerli test network (Goerli-ETH / Mainnet-ETH) so users can easily swap between the two currencies.
However, Gregory Markou, the co-founder of ChainSafe and former member of Eth Core Dev, disagrees with LayerZero’s claim that the Testnet Bridge is in the public interest. According to Markou, “This is not good for the public good, it is harmful. Ethereum does not have a canary network, and this is to create value on a network that lacks a well-thought-out economic system.”
In the comment section, some developers expressed frustration with the time-consuming and labor-intensive process of obtaining Goerli-ETH through the faucet and indicated a willingness to purchase more testnet tokens if needed.
However, Gregory Markou disagrees with the need for application developers to have a lot of Goerli-ETH, citing an Ethereum Foundation video recommending the use of Sepolia for testing applications instead of Goerli. Ethereum Foundation developer parties also agrees with this sentiment, stating, “Please don’t (buy Goerli-ETH). Use Sepolia instead!”
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 us to keep track of news: https://linktr.ee/coincu
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