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Cryptocurrency Finance Software Development

Kintsugi Merge Testnet For Ethereum (ETH) Is Now Live

The Kintsugi testnet, the latest step in replacing Ethereum’s Proof-of-Work consensus method to Proof-of-Stake, has been deployed. The mainnet and beacon chains are expected to combine in Q1/Q2 of 2022. According to a release from ConsenSys, over 8.4 million ETH has been staked on Ethereum 2.0’s beacon chain.

Ethereum founding member Tim Beiko wrote in his announcement, “The Kintsugi testnet provides the community an opportunity to experiment with post-merge Ethereum and begin to identify any issues,”.

The Kintsugi testnet will help prepare for the “merge” to Ethereum’s 2.0. Following the merge, Ethereum 2.0 will move toward “Phase 2.” This will introduce sharding, a scalability feature that will improve fees and transaction times. Sharding is expected to arrive in late 2022.

By Edward Fitz Abucay

"How long is forever?"

I'm a software engineer with a passion for innovating and creating products, especially for startups in the web3 and blockchain space. I'm always excited to learn and work with new technologies, and I'm committed to delivering high-quality solutions that meet the needs of my clients or users.

In my free time, I enjoy listening to music of all genres, but classical music holds a special place in my heart. I find it both inspiring and calming, and it helps me to stay focused and creative. I'm also an avid reader of books and manga, and I enjoy discovering new authors and stories.

As a software engineer, I have a strong technical background with experience in various programming languages, frameworks, and tools. I'm always striving to improve my skills and stay up-to-date with the latest trends and best practices. I love working with startups, especially those in the web3 and blockchain space, because I believe that these technologies have the potential to revolutionize the way we live and work.

Overall, I'm a dedicated and driven individual with a wide range of interests and skills. I believe that my passion for software engineering, combined with my love of music and reading, makes me a well-rounded and adaptable professional.

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