ערשטער פּראָצעס פון לאַנג-אַווייטאַד עטהערעום צונויפגיסן געטאן: עטהערעום ס ראָפּסטען טעסטנעט מערדזשד הצלחה

First trial for עטהערעום ס highly anticipated The Merge was successfully completed on Wednesday.

Testnet dubbed Ropsten test network’s proof-of-work execution layer and the Beacoin Chain proof-of-stake consensus chain were merged successfully. The process is similar to the one that the second leading crypto asset by market cap עטהערעום is going to experience in just a few months. 

For the uninitiated, The Merge is a much-awaited upgrade that is anticipated to be the largest milestone of the Ethereum network. The Merge means that עטהערעום will transition to a new proof-of-stake (PoS) consensus mechanism from the traditional proof-of-work mechanism.  The proof-of-work mechanism has more energy consumption than proof-of-stake. Ethereum as of now runs on proof-of-work (PoW). In PoW, miners utilize energy for finding out new blocks and integrate them to the blockchain, receiving latest issued Ether(ETH) and a fraction of the transaction tips and fees.

Once the transition from PoS to PoW is done in עטהערעום, validators with their staked 32 ETH will assume the role of adding new blocks to the blockchain.

As of now, the current PoW chain and the Beacon chain run in parallel. Meanwhile, the Beacon Chain which is the PoS coordination chain already has validators that generate and validate new blocks in tandem with the PoW execution chaim. 

The two chains will be merged after the PoS chain has been properly tested and secured and עטהערעום will adopt the PoS or Proof-of-Stake as its consensus mechanism. 

Several tests on different testnets are essential for the complex change that עטהערעום ס code will go through because of The Merge. Ropsten’s merge is the first test of its kind, and its result will assist developers in going forward as they prepare for the original Merge on mainnet.

Goerli and Seoplia are among other merges that are scheduled to happen in the upcoming months. 

The Terra collapse earlier this may have led to the downturn in the prices of other קריפּטאָ assets, leading to a crypto market crash. The effect of which was also experienced by flagship currencies such as Bitcoin and עטהערעום as they went through major price drops.

אין דער צייט פון שרייבן, עטהערעום(ETH) was trading at $1,584.67, down 10.57% in the last 24 hours.

Source: https://www.thecoinrepublic.com/2022/06/11/first-trial-of-long-awaited-ethereum-merge-done-ethereums-ropsten-testnet-merged-successfully/