Ropsten will be Ethereum’s first public test network to transition from proof-of-work (PoW) to a proof-of-stake (PoS) consensus mechanism as part of the blockchain’s “Merge” event, expected August this year.
Ethereum core developer Tim Beiko shared the news on Twitter last night: “Ethereum’s longest-lived PoW testnet is moving to Proof of Stake! A new beacon chain has been launched today, and The Merge is expected around June 8th on the network.”
Beiko called the news a “first dress rehearsal” for miners.
📣 Ropsten Merge Announcement 📣
Ethereum‘s longest lived PoW testnet is moving to Proof of Stake! A new beacon chain has been launched today, and The Merge is expected around June 8th on the network.
Node Operators: this is the first dress rehearsal💃https://t.co/0fDHObLOmn
— Tim Beiko | timbeiko.eth 🐼 (@TimBeiko) May 30, 2022
Beiko then fired off a nine-tweet thread covering the technical details of the Merge for miners. He informed developers that “basically nothing should change” post-Merge.
Ropsten’s newly-launched beacon chain will undergo a “Bellatrix” upgrade to be Merge-compatible around June 2. A few days after this, a value known as the Terminal Total Difficulty (TTD) will be chosen by miners to trigger the transition. Miners will then need to configure their nodes with this value.
According to a blog post by Ethereum: “After the Ropsten transition, two more testnets (Goerli and Sepolia) will be transitioned to proof-of-stake before focus shifts to mainnet.”
The Ethereum Foundation also upped its bug bounty payouts recently to help facilitate a problem-free transition.
Ethereum, Testnets, and the Merge
Launched in 2016, Ropsten is Ethereum’s longest-running PoW test network (testnet). Testnets are identical in every key aspect to the “mainnet,” and are used by developers to test smart contracts and decentralized applications (dApps).
Ropsten uses a valueless form of Ethereum to execute transactions and test the coding environment. Changes made to the testnet do not affect Ethereum’s mainnet. This consequence-free environment gives developers key insights into any potential problems that might arise from their coding.
Formerly known as 2.0, Ethereum’s long-anticipated mega upgrade will transition the network from a consumptive PoW consensus algorithm à la Bitcoin – where transactions are validated by miners with a lot of computing power – to PoS, in which miners who put up the most collateral validate the most transactions.
Ethereum claims this will cut the blockchain’s energy consumption by up to 99.5%.
“The merge” refers to the point when Ethereum’s mainnet will converge with the PoS-based Beacon Chain. After that, Ethereum 2.0 (which was recently rebranded to the “Consensus Layer”) will be up and running.
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Source: https://decrypt.co/101707/ethereum-ropsten-test-network-ready-merge-dress-rehearsal
