The Kintsugi network is a step towards blockchain’s “merger”, which will replace the Proof-of-Work consensus with Proof-of-Stake

Ethereum 2.0 testnet was launched to prepare for Ethereum 2.0 transition

21.12.2021 - 13:45


1 min

What’s new? The Ethereum Foundation member, Tim Beiko, has announced on Twitter that the Kintsugi testnet has already been launched. The network will help to prepare for the Ethereum 2.0 “merge,” which will replace the Proof-of-Work consensus algorithm with Proof-of-Stake.

How will the “merger” take place? According to Beiko, once all the test results will be taken into account in the software and specifications, the final part of testing will begin. It will consist of several testnets. All the existing testnets will go through the merge stage. If they are deemed stable, the Ethereum mainnet will begin to transition to the Proof-of-Stake algorithm, which will help significantly reduce the energy costs of mining.

How does Tim Beiko comment on the new testnet? The Ethereum Foundation member appeals to the developers and others on the network to help with testing:

“We recommend most projects begin testing and prototyping on Kintsugi to surface any potential issues soon. This way, changes can more easily be incorporated in future client and specification versions.”


Vasiliy Smirnov Vasiliy Smirnov

Subscribe to Getblock Magazine and stay up to date with the latest news from the world of cryptocurrencies and the digital economy