‘Eth2’ or what is now called ‘consensus layer’ was a speculative date for launch. However, a Reddit member (u/superphiz) of the r/ethstaker community predicted that it would happen in June of this year.
It is important to note that the kill testnet was the last public testing phase before the long-awaited Ethereum ‘merge’.
edge closer
Now, more than ever, the ‘merge’ is nearing full deployment on the Ethereum network, after the last public testnet Kiln launched to put it through its momentum. In a March 14 tweet, Ethereum developer Tim Beiko Confirmed That kiln has gone live. And, it will be ready to merge with the Beacon chain very soon.
The Next Iteration Kiln of the Ethereum Merge Testnet Is Now Live
It is highly recommended that node operators, application developers, stackers, tooling/infra providers test their setup on the network. Blog post has all the info to get started https://t.co/TCHBZxcFlt
— Tim Beiko | timbeiko.eth (@TimBeiko) 14 March 2022
Application and tooling developers, node operators, infrastructure providers and stakers were encouraged to test on Kiln to ensure a smooth transition to the existing public testnet.
At press time, Kiln operates in a proof-of-work testing environment for Ethereum developers, node operators and stakers. This is the last public testnet before the entire network transitions from PoW to Proof-of-Stake sometime this year.
slit testnet working perfectly, bring on merge @superphiz @remy_roy Thanks for the great tutorial. pic.twitter.com/jtOCaX2m8W
— Ethereum CLWP EIP-4736 (@EthCLWP) 14 March 2022
Kiln will thoroughly test the potential merger after March 17. Similarly, Kintsugi, the previous merge testnet, will be deprecated in the coming weeks.
Ethereum’s mainnet transition from PoW to PoS is a major milestone in the development of the network. This next phase of Ethereum allowed the security of the blockchain to rely on tokens at stake rather than expensive and electricity-powered mining hardware.
already resonating
More than 10.1 million Ether (ETH) were locked on Ethereum’s Eth 2.0 staking contract ahead of the planned upgrade. It was worth around $27 billion at press time. Furthermore, Ethereum’s fee structure saw another bullish development, hitting an 8-month low.
ETH last time had fees Down $4.10 in mid-July according to the above graph. Interestingly, at the time of writing, Ethereum posted a fresh decline of 2.6% in 24 hours just shy of the key $2,600 and $2,620 resistance levels.