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Goerli Testnet, the ETH Merge Upgrade is now live, and ETH is aiming for $2,000 as whales gather.

12-Aug-2022 By: Rohit Tripathi
Goerli Testnet, the

Ethereum finished its final run-through of the Goerli testnet's Merge upgrade on Wednesday, August 10. 

This permits programmers to move forward with the Merge update on the Ethereum mainnet, which is slated for September 19.

Just now, the Goerli testnet replicated the procedure that will take place on the Ethereum mainnet in September. Before the update is released to the mainnet, developers can test new ideas and make any necessary adjustments on testnets. According to Josef Je, a developer who works with the Ethereum Foundation, "Goerli has this badge of a bottom-up testnet."

With the most recent development, Ethereum is one step closer to making the switch to Proof-of-Stake (PoS). In addition to many other advantages, the PoS Ethereum 2.0 will have improved performance efficiency and network scalability.

"Another successful test," said Ansgar Dietrichs, a researcher with the Ethereum Foundation.

Ethereum (ETH) Sees Levels of $2,000

The second-largest cryptocurrency in the world has had a significant pullback, rising by about 80% over the past month. ETH is currently trading 12% higher than it did a day ago at $1882, with a $229 billion market cap.

Tim Beiko, the coordinator for the Ethereum protocol developers, stated in an interview with CNBC that they will actively monitor the Goerli testnet's performance for a few hours to spot any possible problems, if they materialise.

Beiko stated, "We want to see the network come to a conclusion, have a high validator participation rate, and also make sure we don't meet any unanticipated problems or issues."

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