Ethereum Merge Gets Closer After Sepolia Trial Run: Report

The Ethereum merge gets closer after the Sepolia trial run and there is now only one more testnet merge to go, the developers say and we read more today in our latest Ethereum news.

The Ethereum merge gets closer after the Sepolia test today moved over to the PoS. The Merge is the long-awaited update to the network which is expected to happen this year. Ethereum is a step closer to The Merge now after Sepolia executed its own merge and switched to PoS. The testnet allows for everyone using a blockchain to try the new tech before launching on the main network or undergoing an upgrade. This is quite important with public networks like Ethereum because developers can ensure upgrades work well and billions are protected.

Ethereum as the blockchain network that powers the second biggest crypto by market cap, is undergoing a PoS consensus mechanism which makes time as the network is moving to a new way of working. Ethereum now uses the same consensus method as BTC and the Proof of Work involves the cooperation of the network participants like the miners, to verify and validate the transactions and secure the network. The miners receive rewards for their hard work in the form of the network’s cryptocurrency.

However, this is all going away when Ethereum finally moves to PoS which doesn’t involve miners and can make the network faster and cheaper to use. Instead of the miners, the PoS networks require the coordination of the validators to keep the network running by staking or locking up an amount of the network’s crypto. Such a shift can have a reverse effect on ETH which now has an unlimited supply especially since large amounts of the crypto asset will have to be locked on the network. Analysts believe this can have a deflationary impact on the crypto If the demand for ETH remains high.

Ethereum developers tested the merge on two public testnets like Sepolia and Ropsten already. The next test will happen on the goerli testnet and after that, the ETH mainnet moves across the entire network to securely use a PoS blockchain. This has been a long-time coming but Ethereum developers promised a move to PoS for years now.