Ethereum’s Ropsten Testnet Has Completed Its Merge

On Wednesday, the first dress rehearsal for the Ethereum blockchain's forthcoming Merge was conducted successfully. The Ropsten test network successfully fused its proof-of-work execution layer with the Beacon Chain proof-of-stake consensus chain, a procedure repeated in a few months on the main Ethereum network.
The Merge is an important step forward in Ethereum's quest for a new proof-of-stake consensus mechanism. Currently, Ethereum is based on proof-of-work, in which miners invest time and energy to find new blocks and add them to the blockchain, earning freshly issued ether and a share of transaction fees and tips. Validators who already have staked the requisite 32 ETH will take over the function of adding new blocks to the blockchain after Ethereum switches from PoW to PoS. The Beacon Chain is now running in tandem with the existing PoW chain.
The Beacon Chain is a PoS coordination chain in which validators are already constructing and validating new blocks in parallel with the PoW execution chain. The two chains will join after the PoS chain has been thoroughly vetted and protected, and Ethereum will continue to operate as a PoS blockchain. Multiple testing on several tenets is required due to the intricacy of such a modification to Ethereum's technology. Ropsten's merging is the first of its sort, and the results will assist devs in planning their next steps as they approach the actual Merge on mainnet.
SOL, AVAX, and $FTRB from the Faith Tribe platform, a full-utility currency that offers holders access to the platform's end-to-end creative and business management experience, are available in these states.
submitted by /u/Livid_Toe_721
[link] [comments]