First Shadow Fork Goes Live on Ethereum Ahead of Proof-of-Stake Testing - BitcoinEthereumNews.com
Today saw the first Ethereum mainet shadow fork go live. The developers of the second-largest cryptocurrency in terms of market capitalization continue to transition the network to सबूत के-स्टेक (पीओएस)। Ethereum developers currently working on a multi-stage transition to a PoS consensus algorithm, reached a significant landmark today. Developer Marius Van Der Wijden पहले ट्वीट किया, “We‘re very close to a historical event. We’re testing PoS on #Ethereum. Today will be the first mainet shadow fork ever. Were roughly 690 blocks (~2 h) away from TTD.” According to Marius Van Der Wijdens block explorer page, the new shadow fork merge launched on the Ethereum mainet, a trial for the actual merge. The shadow fork merge has processed 1,558,014 transactions, with an average block time of 13.8 seconds at the time of writing. What is the merge for? The actual merge, slated for later this year, will replace the existing energy-intensive proof-of-work mechanism (PoW) currently used to validate Ethereum transactions. PoS will see transactions validated by nodes run by “stakers” rather than “खनिक.” Users will be able to validate transactions based on how many coins or stakes they have contributed to the network. Users who stake more coins have a greater chance of being selected