Ethereum launches ninth shadow fork ahead of schedule

Free Bitcoins: FreeBitcoin | BonusBitcoin

Coins Kaufen: Bitcoin.deAnycoinDirektCoinbaseCoinMama (mit Kreditkarte)Paxfull

Handelsplätze / Börsen: Bitcoin.de | KuCoinBinanceBitMexBitpandaeToro

Lending / Zinsen erhalten: Celsius NetworkCoinlend (Bot)

Cloud Mining: HashflareGenesis MiningIQ Mining


Ethereum has finalized one of the last testing stages for the Merge. The ninth shadow fork was launched on the network 15 hours ahead of schedule. The Ethereum Merge is slated to happen later this year, and it will switch the network from proof-of-work to proof-of-stake.

Ethereum unveils ninth shadow fork

Shadow forks are different from full testnets done on the network. Recently, Ethereum completed the Sepolia testnet that allows developers to detect any issues that could go wrong after the Merge. Full testnets replicate the entire network, while shadow forks are done to assess the effects of one or a few changes that will be introduced after the Merge.

Buy Ethereum Now

Your capital is at risk.

The recently deployed shadow fork will be used to test the Ethereum maximal extractable value (MEV) boost feature. This is a feature whereby the individuals that produce new Ether tokens can derive additional value by having a say over the network.

Ethereum currently runs on a proof-of-work algorithm, supporting mining using specialized hardware. However, after Ethereum moves to PoS, new Ether tokens will be earned by validating.

Micah Zoltu, one of Ethereum’s core developers, said that validators will be behind the MEV execution. Through the MEV boost feature, validators will also be allowed to provide space within their created blocks to other validators, boosting competition.

Another Ethereum core developer, Marius van der Wijden, said that the testnet was a major step in the right direction, adding that shadow forks helped to boost confidence in the Merge. The Merge is slated to happen in October this year, and before this, one major test known as the Goerli testnet will be run. The test is expected to happen in August.

Benefits of Ethereum as a PoS network

Over the past year, there has been debate over whether PoS networks are superior to PoW networks. The Ethereum Foundation estimates that this Merge will lower Ethereum’s power consumption by 99%.

The co-founder of Ethereum, Vitalik Buterin, said that the Merge would not only solve the sustainability issues on the network but also mitigate the risks posed by malicious miners that accept bribes to alter on-chain data.

While the Merge offers major benefits, there are also some drawbacks. The Merge is expected to put thousands of Ethereum miners out of business. These miners will be phased out with the difficulty bomb launch and left stranded with expensive mining equipment.

Read more:

Battle Infinity – New Crypto Presale

Battle Infinity
  • Presale Until October 2022 – 16500 BNB Hard Cap
  • First Fantasy Sports Metaverse Game
  • Play to Earn Utility – IBAT Token
  • Powered By Unreal Engine
  • CoinSniper Verified, Solid Proof Audited
  • Roadmap & Whitepaper at battleinfinity.io
Battle Infinity



[ad_2]

By continuing to use the site, you agree to the use of cookies. more information

The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.

Close