Ropsten, the main Ethereum testnet, will merge with the staking blockchain next month.
Ethereum, the industry's second-largest blockchain by capitalization, has entered the final stage of its path toward a scalable and more secure blockchain.
Its developers they have confirmed that Ethereum testnet Ropsten will merge with the Ethereum 2.0 staking chain next June.
On GitHub, blockchain developer Parithosh Jayanthi noted that the merger is ready to roll out. For his part, developer Terence Tsao explained on Twitter that Ropsten, which is the main testnet of the Ethereum ecosystem, will be launched on the staking network later this month as a genesis version.
This implementation will allow developers to prepare the merger of the testnet, built on Proof of Work, with the Ethereum 2.0 blockchain, which uses the Proof of Stake consensus mechanism.
This merger will occur next Wednesday, June 8.
It may interest you: Ethereum moves closer to merging with Ethereum 2.0 after new hard fork arrives
Ropsten's merger with Ethereum 2.0 will be one of the developers' final steps toward officially migrating from the current network, called the "execution layer," to the staking blockchain, called the "consensus layer." If the entire testing process with Ropsten happens successfully, then Developers will be able to set a real date for the long-awaited merger between both blockchains, known as “The Merge”.
As Bit2Me News has explained, “The Merge” will start a new blockchain based on PoS, which will be more scalable, secure and sustainable. However, the migration to this consensus mechanism also means the end for cryptocurrency mining on Ethereum.
The Ropsten-Ethereum 2.0 merger brings the true merger of the network closer
The creation of a new version of the Ethereum blockchain, which will be based on the Proof of Stake consensus mechanism, has required years and countless efforts that have cost the developers and the ecosystem strong criticism.
However, in recent months its process has accelerated, bringing Ethereum closer to the long-awaited merger.
Preston Van Loon, who is also a developer of the Ethereum network, specified that the Ropsten-Ethereum 2.0 merger is a great testing milestone that allows us to continue moving towards the merger of the Ethereum main network with the staking chain. Possibly, the merger between both blockchains will occur at the end of this year, according to the blockchain developer's estimates.
Due to the current progress that Ethereum developers have made, EthHub co-founder Anthony Sassano also estimates that the merger of Ethereum and Ethereum 2.0 may come sooner than expected. According to his assumptions, it is possible that The Merge will occur next August. Although Sassano pointed out that this is only a speculative date, since there is still no official schedule for this merger.
The announcement of the implementation of Ropsten in Ethereum 2.0 and the proximity of The Merge are renewing interest in Ethereum in the midst of a market in chaos due to the collapse of UST and LUNA, of the Terra ecosystem.
According to data from the CoinMarketCap monitoring platform, Ethereum trading volume has increased almost 2% in the last few hours, exceeding 18.200 billion dollars at the close of this edition. This data places ETH as the third most traded cryptocurrency in the entire industry, after Tether (USDT) and Bitcoin (BTC).
Buy Ethereum (ETH) at Bit2Me
Continue reading: Ethereum 2.0 staking has exceeded 12 million ETH deposited
