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Ethereum update to be tested on Ropsten Testnet

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Ethereum Whale 'Gimli'

HIGHLIGHTS :

  • This will significantly reduce the carbon emissions of Ethereum
  • Merge likely to launch in next few months
  • Before this, two more testnets will be run through Ethereum 2.0

This is expected to reduce Ethereum’s electricity consumption by up to 99 percent. Ethereum miners have to use large server farms to order transactions on the blockchain, resulting in high electricity consumption

This will significantly reduce the carbon emissions of Ethereum

The update to Ethereum, one of the major blockchains, is being prepared to be tested on the Ropsten Beacon Chain testnet. It is one of the longest-running Proof-of-Work (PoW) testnets. It is considered to be almost identical to the Ethereum network and is capable of acting like the features of the ETH mainnet. For this reason, it is better suited for testing Ethereum’s upgraded PoS network. The new Ethereum network is being called ‘Merge’. This will significantly reduce the carbon emissions of Ethereum.

Merge likely to launch in next few months

“Client teams are ready to run Ropsten through Merge. To prepare for this, the Ropsten Beacon Chain has been launched to provide consensus to the network,” the Ethereum developers explained in a blog post. Tim Beiko, one of the developers of Merge, told via tweet that this test could happen next week. The Merge is likely to launch in the next few months. Before this, two more testnets will be run through Ethereum 2.0. This will ensure that the transactions are completed correctly.

This upgrade is expected to reduce Ethereum’s electricity consumption by up to 99 percent. Ethereum miners have to use large server farms to order transactions on the blockchain, resulting in higher electricity consumption and increased carbon emissions.

Before this, two more testnets will be run through Ethereum 2.0

One estimate stated that the electricity usage of one Ethereum transaction is equivalent to 1,40,893 Visa credit card transactions. After this upgrade, orders for Ethereum transactions will be placed from stakes. This system is called Proof of Stake.

There was a shortage of electricity in some countries due to crypto activities. To tackle this problem, China banned crypto mining last year. In some other countries, crypto mining is being opposed for the same reason. Last year in Texas, USA, the electricity supply was interrupted due to bitcoin mining. There were also protests by the residents of Texas regarding this. Iran also recently imposed a temporary ban on bitcoin mining due to the impact on the supply of electricity.

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