The Ethereum blockchain has recently completed a step towards a long-awaited upgrade that will improve the platform by switching to Proof-of-Stake (PoS) consensus. Ropsten Testnet Successfully Converted to PoS In What’s Called a “Dress Rehearsal” for the Ethereum Blockchain.
Since the network uses a proof-of-work (PoW) mining model that consumes a lot of electricity, the Ethereum platform is often criticized for its environmental impact, along with Bitcoin (BTC). With the change in POS, energy issues will be addressed and the platform will become more scalable, capable of processing more transactions per second.
Following the transition to Ropsten, according to the Ethereum Foundation, testnet Goerly and Cepolia are scheduled to transition to POS prior to mainnet transition. The testnets Rinkeby and Kovan may be maintained by the community, but will no longer be monitored by client developers.
Community members rejoiced at the milestone. Composer Jonathan Mann celebrated the merger by rocking a Ropsten-merge-themed song while singing songs such as “No More Power Surge” and “ETH to the Moon”.
This is the first Ropsten testnet merge song! 100% instantaneous.
*Second* Improvised Ropsten Testnet Merge song will be released tomorrow. It is 17 minutes long.
Bid on NFT!https://t.co/qAnorDZ8Iy pic.twitter.com/NH7DOkGHBM— Jonathan Mann (@songdaymann) 8 June 2022
Roberto Nixon, founder of Metav3rse, described Describing the event as a “huge milestone” and a “historic” event. They believe this to be one of the most important events in the history of crypto as mainnet integration for PoS also depends on the success of the testnet.
Paritosh Jayanti, an Ethereum developer congratulated The people working on the merge. While Jayanti mentioned that there were still some bugs, he added that fixes are on the way and the team will be monitoring the series in the coming weeks.
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Ethereum’s efforts to transition to PoS evolved right around the same time that New York began prohibiting PoW mining. Last week, the New York State Senate passed a bill that aims to introduce a mining ban for PoW systems.
While some might expect a rally in the price of Ether (ETH) after the merger, the news hasn’t had a major impact on the digital asset’s price. Despite the successful testnet integration, traders still adjusted their ETH price target at $1,400 per ETH.