Crypto: Holesky and The Merge arrive on the same date, coincidence?

After so much waiting, the Holesky testnet is finally arriving on Ethereum. This launch is causing a sensation within the crypto community. But if it could be of capital importance for the network, it is above all the chosen date which attracts attention. Indeed, it takes place one year to the day after The Merge.

In short :

• Ethereum launches Holesky, its new testnet and, coincidentally, it arrives on The Merge’s birthday
• Its first project, Holli, should simplify the testing process on the network

Ethereum launches Holesky, the crypto market is on fire

The market has been on alert since Vitalik Buterin’s blockchain announced that it was preparing to launch a new testnet. Since that day, users have continued to stay informed and provide updates. Less than a month after this announcement, Holesky is finally here and joins Goerli and Sepolia.

It is important to note that the removal of Goerli is expected to be done gradually by the first half of 2024. As a result, Holesky will be of crucial importance, in addition to alleviating the obstacles that developers face when purchasing crypto on current networks.

Note that in the blockchain, testnets operate in parallel with the main network. In this logic, they allow developers to resolve potential problems without affecting the latter. Additionally, one of the flagship features of the new testnet is the provision of approximately 1.6 billion ETH, an offering that could simplify the process of testing smart contracts Ethereum.

The testnet arrives a year after The Merge, a message to convey?

Ethereum marked the crypto market on September 15 with the introduction of Holesky. This testnet, eagerly awaited by blockchain users, is finally arriving. The first project of this testnet named Holli, aims to improve the testing environment on the network.

However, what stands out the most is its launch date. The latter comes on the anniversary date, one year after the launch of The Merge. As a reminder, this upgrade is Ethereum’s move from Proof-of-Work (PoW) to Proof-of-Stake (PoS).

Since the transition, Ethereum, led by Vitalik Buterin, has had a series of projects and Holesky is just one among many. However, he promises a bright future, since he should soon take up other functions with the removal of Goerli. Another development in the crypto sector which should make it reach new heights.