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Tag: merge

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, β€œThe 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 β€œPhase 2.” This will introduce sharding, a scalability feature that will improve fees and transaction times. Sharding is expected to arrive in late 2022.