The Ethereum development team has successfully merged the latest Goerli testnet on Ethereum’s transition to Proof-of-Stake (PoS).
The latest Ethereum 2.0 Goerli testnet has successfully merged with Beacon Chain. This was announced today by Ethereum lead developer Tim Beiko.
In order to successfully transition the Goerli testnet from PoW to PoS, the developers merged it with the Prater coordination mechanism. According to Preston Van Loon, lead developer of ETH, the merge went successfully, and the next step will be the long-awaited merge of the Ethereum mainnet with Beacon Chain, which will complete The Merge phase.
The developers have previously successfully merged Ropsten and Sepolia testnets. The merge of Goerli and Prater is the last test before Ethereum’s transition to the PoS mechanism, scheduled for September 19.
Ethereum developer Marius van der Wijden pointed out some difficulties with the Goerli and Prater merge, which led to block confusion. However, soon all network nodes were successfully updated, and the testnet began generating blocks on PoS.
The ETH price had a positive reaction to the event. According to CoinGecko, as of 10:30 (GMT+3) on August 11, the value of Ethereum coins exceeded $1,890, having risen by 12% over the past 24 hours. And thanks to the recent inflow of funds into Ethereum-based financial products, ETH has grown by 72% in the last 30 days.
Issuers of major stablecoins USDT and USDC expressed their support for The Merge, highlighting the importance of the event for the entire cryptocurrency community.
