Eth2 merger draws to a close as ninth shadow fork goes live
Categories: US ETHERUM NEWS
Eth2 merger draws to a close as ninth shadow fork goes live
Ethereums ninth shadow fork went live overnight Wednesday in Asia, marking one of the final steps before the merge with the proof-of-stake (PoS) Beacon Chain as part of the networks transition to Ethereum 2.0
- A shadow fork is a test that focuses on one or two small tasks at a time. This shadow fork focused on testing the Ethereum Maximum Extractable Value (MEV) Boost feature.
- Which is designed to create more competition among network validators as well as other upgrades included in the Sepulia hard fork in the past months.
- The third and final testnet merge, Goerly, is expected in August. According to CoinMarketCap, the price of Ethereum surged 10% overnight, outperforming the rest of the top 100 cryptocurrencies, before retreating slightly to trade at US$1,188 at press time.
- According to Ethereum co-founder Vitalik Buterin, the PoS transition will reduce validators accepting bribes to prioritize certain transactions. A PoS system rewards validators according to the amount staked in the network.