Ethereum developers have migrated the Sepolia testnet to Ethereum 2.0, merging the testnet with the Beacon Chain this Wednesday. This and more news in this practical summary daily so that you are always informed with events most recent that occur within the crypto world.
Sepolia merges with Beacon Chain
📍The Sepolia testnet has been deployed on the Ethereum proof-of-stake (PoS) chain. The merger between Sepolia and the Ethereum Beacon Chain took place this Wednesday, July 6.
Although some validators encountered hiccups at the time of the merge, Ethereum core developers reported that Sepolia's migration from Ethereum's Proof of Work-based execution layer to Ethereum's Proof of Stake-based consensus layer was complete. successfully.
Terence.eth reported that about 30% of Ethereum validators ran into issues due to incorrect configurations. However, shortly after the merger began, they were able to update their client software and connect to the network.
Developer Marius Van Der Wijden confirmed on Twitter that 93% of Ethereum nodes were already connected on Sepolia.
The next Ethereum testnet to merge with the Beacon Chain will be Goerli. The merger of this testnet is expected to occur in the coming weeks.
Yuga Labs launches Otherside playtests
📍ApeCoin (APE) surpassed $5 per unit after Otherside staking test. Yuga Labs, the company behind Bored Ape and Otherside, the metaverse designed for the interaction of bored apes and other important company and industry NFT collections, has launched a series of play tests for its virtual world since Wednesday .
More than 2.500 holders of the Otherdeed NFT, from the Otherside metaverse, participated in yesterday's voice and stress tests. The metaverse demo lasted 25 minutes and was a complete success, the Otherside developers reported via Twitter.
Yuga Labs will hold a new demo testing its metaverse next Saturday, July 9. To participate, Otherdeed holders will need to prove ownership of their NFTs. After this second test, the company will launch a technical demo of Otherside's first ride.
The success of the tests conducted on Otherside to date are driving the price of ApeCoin (APE) in the market.
APE is the ERC-20 token developed by the ApeCoin DAO, which was launched as a utility and governance token for the Bored Ape NFT community in March of this year.
At the close of this edition, APE is trading above $5, reflecting a growth of 4,6% in the last 24 hours and 3,7% in the last week.
Fantom evaluates fund to finance its development
📍Fantom could create a fund to finance its development with FTM fees burned into the network. The Fantom crypto community is discussing a governance proposal that will allow the network to use a percentage of the FTM burned in commission fees to fund its future development and evolution.
La governance proposal was presented by Sam Harcourt, Business Development Director at the Fantom Foundation and is supported by the community.
Fantom currently burns 30% of transaction fees on a daily basis, as part of its mechanism to reduce the circulating supply of FTM and drive its deflationary trend going forward.
Voting on Fantom's governance proposal ends on October 3.
Bitcoin is much more than freedom
📍Bitcoiners defend the sovereignty of Bitcoin. During the Blockchain Summit Latam Panama 2022, the organizer of Satoshi in Venezuela, Javier Bastardo and the entrepreneur Eric García Cruz, spoke about the evolution that cryptocurrencies and blockchain have generated in their respective countries, Venezuela and Cuba and defended the freedom and sovereignty of Bitcoin as a global alternative money.
Bitmain launches new miner for Ethereum
📍Bitmain's Antminer E9 has been released on the market, a device designed for ether mining. Bitmain, one of the largest manufacturers of crypto mining equipment has launched a new ether miner.
According to publication From the manufacturer, the Antminer E9 is equipped with a hashrate of 2400M, a power efficiency of 1920W and an energy efficiency of 0.8J/M. Bitmain also noted that this new mining rig is designed to significantly improve mining operations in the Ethereum and Ethereum Classic networks.
The launch of this mining rig, first announced in April 2021, comes as Ethereum inches closer to its transition to proof-of-stake, or PoS, which will end block mining in the network.
Continue reading: The European Union finalizes regulations for the cryptocurrency sector
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