The merger (which will take place when the current Ethereum mainnet merges with the beacon chain’s proof-of-stake (PoS) system) was successful on the Ropsten testnet, according to Ethereum developers.
Parithosh Jayanthi of the Ethereum Foundationhas announcement that Ropsten reached the selected Terminal Total Difficulty (TTD) of 50000000000000000 around 4:00 p.m. UTC on Wednesday, and the channel then underwent the merge.
First, turnout, which measures the number of online validators fulfilling their roles, fell by around 13%. However, the developers quickly found the missing indexes and fixed the problem.
“After the fixes were in place, we quickly saw participation and submission rates go up to ~99%,” said declared Jayanthi. “Pretty much what we had before the merger!”
The Ropsten testnet was “almost” bug-free, the developer added, mentioning a few remaining issues, however. One of them is that “some pairs of clients waste time building a block and offer 0 transactions”, which affects the throughput of the chain. “We’ve also seen this issue with shadow forks! Fixes are in the works!” he added.
However, the developers will need to monitor the chain for the next two weeks to “ensure that no pair of clients go out of sync.”
After that, two other testnets should also go through the same stage before the actual merger: Goerli and Sepolia.
Witek Radomskyco-founder and technical director ofEnjin (ENJ), said that “the full merger of the Ropsten beacon chain and Proof-of-Work (PoW) chains bodes well for the migration from Ethereum to PoS,” adding:
“As the only PoW-based testnet, the Ropsten merge replicates the same process as the Ethereum mainnet merge that will take place later this summer. Interoperability as such will not be affected, although that success infers less delay and greater bandwidth to focus on freeing the data exchange between chains.”
Dusan KovacicChief Investment Officer at Rockaway Blockchain Fundsaid in an emailed comment that the success of this experiment “will help determine the date of the Ethereum mainnet rollout,” and that as that date approaches, “market demand for trading will likely increase in speculators, anticipating price volatility correlated with the outcome.”
Post-merger, Kovacic expects the price-to-earnings (P/E) ratio to make ETH “a fundamentally sound investment and now ESG-compliant,” adding:
“While user flow may see an uptick, it is important to note that the merger will not increase Ethereum’s transaction performance, implying that the average transaction cost will not change.”
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