The developers started testing…

The developers started testing… post thumbnail image

This tool will demonstrate the possible consequences of merging the PoW and PoS blockchains.

The Ethereum development team reports the launch of the Kintsugi testnet. Information about this appears on the project blog.

  • With the launch of Kintsugi, developers will be able to see the implications of blockchain merging on Proof-of-Work (PoW) and Proof-of-Stake (PoS) consensus algorithms. The team is trying to transfer Ethereum to the latter. You can find out why the project requires changes from our materials.
  • In a blog post, the developers asked market participants to start testing Kintsugi through prototyping on the testnet. The platform representative brings all the information to work to a separate website.
  • This approach, according to the Ethereum team, will help them quickly identify potential problems in combining the PoW blockchain with the PoS version.
  • Developers will take Kintsugi’s work into account when launching the latest testnet series. In the future, the project team plans to launch a test network merge. After stabilization, the developer will start the transfer of the main Ethereum network to PoS.
  • Against the background of news releases, the ETH exchange rate showed positive dynamics and once again broke through the level of $ 4 thousand At 13:04 (Moscow time), the cryptocurrency was trading at $ 4016. Recall that the absolute maximum value of Ethereum, according to the resource CoinMarketCap, was recorded on November 16 2021 at a height of $4891.
Ethereum Graph. Source: TradingView

Previously, many members of the crypto community shared positive forecasts for ETH at the end of the year.

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