Ethereum’s (ETH) Goerli testnet has completed its merge with the proof-of-stake (PoS) consensus mechanism.
The announcement was made known in the early hours of today, the 11th of August, 2022. Ethereum is up 12% and trading at $1,886 following news of the successful completion of the Goerli testnet merge.
‘The Goerli testnet has been successfully merged and is now a full Proof of Stake chain. Next up is (finally) the Ethereum mainnet!! The Merge is coming” it reads.
Ethereum’s (ETH) Goerli testnet completed its merge with the PoS consensus mechanism in the early hours of August 11.
Goerli is one of the most active Ethereum testnet. The merge was completed around 1:45 UTC after Terminal Total Difficulty (TTD) exceeded 10,790,000.
The Goerli testnet merge has started since August 4 and it wasn’t without some minor issues. Ethereum developer MariusVanDerWijden noted that there were some confusion on the network because of two different terminal blocks and lots of non-updated nodes.
The successful completion of the merge has made Ethereum’s price to rise by 12% to $1886, as of writing.
The next in line for Ethereum is the merging of Eth mainnet which is likely to be done in September. The latest news surrounding Ethereum has brought life back to the industry. The crypto industry has witnessed harsh times in the past few weeks.
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