Ethereum's Holesky testnet goes live on first anniversary of The Merge

Ethereum developers have deployed the Holesky testnet to improve the scalability of the ETH network.
Dot
September 15, 2023
Ayush Pande

As a tech enthusiast who's always on the prowl for the latest developments concerning crypto and hardware, you can find him covering news stories or tinkering with PCs.

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Photo Source: Nick Chong (Unsplash)

Ethereum developers have deployed the Holesky testnet to improve the testing capabilities of the ETH blockchain. The launch of the new testnet coincided with the one-year anniversary of The Merge, a landmark update that transitioned the Ethereum blockchain from a Proof-of-Work (PoW) to a Proof-of-Stake (PoS) model.

Data from beaconcha.in revealed that the first block was proposed on the new Holesky testnet on Friday, 10 am ET. As its name suggests, a testnet is a separate network where developers can freely test new features without impacting the live blockchain network, or the “mainnet.” 



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The Ethereum blockchain currently has two testnets: Goerli and Shapella. Initially named Holli, the Holesky testnet will address the scaling issues of Ethereum, with developers estimating the test network will support as many as 1.4M validators. 

Developer Tim Beiko claimed that around 1.6B Holesky testnet Ether (HETH) tokens will be sent to validators to increase their participation in the Holesky testnet. The high scalability of the Holesky testnet will allow developers to test the upcoming Dencun update in a realistic environment. The Holesky testnet will replace Goerli by early 2024.

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Ayush Pande

Ayush Pande is a hardware, gaming, and crypto writer based in India. He's a tech enthusiast who's fascinated by the potential of blockchain technology.

Connect with Ayush on LinkedIn

Ethereum's Holesky testnet goes live on first anniversary of The Merge

HomeEthereum
Contents
Photo Source: Nick Chong (Unsplash)

Ethereum developers have deployed the Holesky testnet to improve the testing capabilities of the ETH blockchain. The launch of the new testnet coincided with the one-year anniversary of The Merge, a landmark update that transitioned the Ethereum blockchain from a Proof-of-Work (PoW) to a Proof-of-Stake (PoS) model.

Data from beaconcha.in revealed that the first block was proposed on the new Holesky testnet on Friday, 10 am ET. As its name suggests, a testnet is a separate network where developers can freely test new features without impacting the live blockchain network, or the “mainnet.” 



Get Our Free Newsletter

Subscribe to our newsletter to get tips, our favorite services, and the best deals on Bitcompare-approved picks sent to your inbox


The Ethereum blockchain currently has two testnets: Goerli and Shapella. Initially named Holli, the Holesky testnet will address the scaling issues of Ethereum, with developers estimating the test network will support as many as 1.4M validators. 

Developer Tim Beiko claimed that around 1.6B Holesky testnet Ether (HETH) tokens will be sent to validators to increase their participation in the Holesky testnet. The high scalability of the Holesky testnet will allow developers to test the upcoming Dencun update in a realistic environment. The Holesky testnet will replace Goerli by early 2024.

Written by
Author's profile picture

Ayush Pande

Ayush Pande is a hardware, gaming, and crypto writer based in India. He's a tech enthusiast who's fascinated by the potential of blockchain technology.

Connect with Ayush on LinkedIn
Ayush Pande

As a tech enthusiast who's always on the prowl for the latest developments concerning crypto and hardware, you can find him covering news stories or tinkering with PCs.

Ethereum developers have deployed the Holesky testnet to improve the testing capabilities of the ETH blockchain. The launch of the new testnet coincided with the one-year anniversary of The Merge, a landmark update that transitioned the Ethereum blockchain from a Proof-of-Work (PoW) to a Proof-of-Stake (PoS) model.

Data from beaconcha.in revealed that the first block was proposed on the new Holesky testnet on Friday, 10 am ET. As its name suggests, a testnet is a separate network where developers can freely test new features without impacting the live blockchain network, or the “mainnet.” 



Get Our Free Newsletter

Subscribe to our newsletter to get tips, our favorite services, and the best deals on Bitcompare-approved picks sent to your inbox


The Ethereum blockchain currently has two testnets: Goerli and Shapella. Initially named Holli, the Holesky testnet will address the scaling issues of Ethereum, with developers estimating the test network will support as many as 1.4M validators. 

Developer Tim Beiko claimed that around 1.6B Holesky testnet Ether (HETH) tokens will be sent to validators to increase their participation in the Holesky testnet. The high scalability of the Holesky testnet will allow developers to test the upcoming Dencun update in a realistic environment. The Holesky testnet will replace Goerli by early 2024.

Written by
Author's profile picture

Ayush Pande

Ayush Pande is a hardware, gaming, and crypto writer based in India. He's a tech enthusiast who's fascinated by the potential of blockchain technology.

Connect with Ayush on LinkedIn
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Ayush Pande