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Ethereum (ETH) Values Surge 5% Post Sepolia Testnet Merge Success, Goerli, Mainnet Next

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Ethereum (ETH) executed its ‘The Merge’ on the Sepolia testnet on July 6. It has taken one more step towards becoming the Proof-of-Stake (PoS) network. The successful execution of the latest upgrade by Ethereum developers has brought cheers to the ETH investors.

 The news was received positively by the ETH investors as ETH price rose 4.80%in the last 24 hours and is currently trading at $1,183.25. The world’s second-largest cryptocurrency has been under major selling pressure earlier this week.

Ethereum (ETH) Merge Upgrade A Positive Development

The latest upgrade which involves the merging of Sepolia’s proof-of-work chain or the execution layer with the proof-of-stake beacon chain aka the consensus layer has ignited hope for the investors.

Confirming the success of The Merge on the Sepolia testnet Ethereum (ETH) educator Anthony Sassano wrote on his Twitter timeline that it will pave way for the integration of The Merge on the Goerli testnet.

Sassano thanked all the persons involved in the Sepolia merge livestream which was concluded successfully. He also hoped that in the coming days The Merge will be successfully accomplished with merge Goerli then mainnet.

Ethereum (ETH) Mainnet Merge On Time

The changeover of Ethereum 2.0 to a Proof-of-Stake mechanism was not smooth and had some issues which led to some delay. The Ethereum mainnet transition is expected to happen by the year-end. Even with The Sepolia testnet Merge, there have been issues but Ethereum protocol developer Terence Tsao called the Merge a “success”. He did say that 25-30% of validators went offline post the Merge upgrade. However he termed the issues as minor bugs that won’t delay the mainnet Merge further.

The latest Merge upgrade will prepare developers for the more daunting mainnet Merge which is going to happen in the near future. There will be challenges and this was also explained by , Ethereum co-founder Vitalik Buterin during yesterday’s live stream.

Buterin pointed out that the process will include third-party infrastructure that’s currently not available during the testnets. There could be unannounced problems which will appear during the Merge process. However these are all variables and it cannot be avoided and is just fine.

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  1. Pingback: Will Boris Johnson Exit Lead To Friendlier Crypto Laws In U.K.?

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