ETH devs implement first-ever ‘shadow fork’ as PoS testing continues

Published at: April 11, 2022

Ethereum developers implemented the network’s first-ever “shadow fork” on Monday, marking an important milestone in the ongoing shift to proof-of-stake (PoS) consensus. 

The shadow fork provides a venue for developers to stress test their assumptions around the network’s complex shift to PoS, according to Ethereum Foundation developer Parithosh Jayanthi. “The aim of the Kiln merge testnet was to allow the community to practice running their nodes, deploying contracts, testing infrastructure, etc.,” he tweeted on Sunday.

Wondering what the #TestingTheMerge team has been up to? The aim of the Kiln merge testnet was to allow the community to practice running their nodes, deploying contracts, testing infrastructure, etc. We hope it's helping the community get a sense of the post merge world!

— parithosh | (@parithosh_j) April 10, 2022

Kiln refers to the last testnet of the so-called merge, which involves transitioning Ethereum’s Execution Layer from proof-of-work to PoS. In a March 14 blog post, the Ethereum Foundation described the merge as a "culmination of six years of research and development" intended to make the network more secure and energy-efficient. 

Ethereum Foundation developer Marius van der Wijden confirmed on Monday that PoS testing was underway. “Today will be the first mainnet shadow fork ever. We're roughly 690 blocks (~2 h) away from TTD,” he tweeted.

We're very close to a historical event. We're testing PoS on #Ethereum. Today will be the first mainnet shadow fork ever. We're roughly 690 blocks (~2 h) away from TTD. Follow here: https://t.co/T20ZMgApYw or https://t.co/Uod8WBsqtwHuge props to @parithosh_j! #TestingTheMerge pic.twitter.com/M8ZcHnKqaL

— MariusVanDerWijden (@vdWijden) April 11, 2022

Positive developments surrounding the merge have fed an increasingly bullish narrative for Ethereum — one that allowed the ETH price to temporarily break a months-long downtrend. While ETH and the broader crypto market are recoiling in a new bout of risk aversion, the prospect of earning passive rewards on the Ethereum network has attracted considerable interest from investors.

Related: Ethereum hash rate scores new ATH as PoS migration underway

The number of staked ETH on Ethereum’s Beacon Chain is fast approaching 10.9 billion, with the average balance currently 33.5 ETH, according to industry data. Beacon Chain currently has over 340,000 validators, which represents a gain of 13% from early March when the 300,000th validator was first recorded.

Tags
Related Posts
Ethereum risks crashing under $2K as ETH paints bearish 'symmetrical triangle' — analyst
Ethereum's native token Ether (ETH) will likely fall below $2,000, according to one popular market analyst. Ether paints a classic bearish continuation setup Pseudonymous market analyst Wolf shared the downside outlook on Monday as Ether's price rebounded by over 3% to nearly $2,650, a day after testing its upward sloping trendline near $2,500. Ignoring the intraday upside reversal, Wolf anticipated the Ether's decline to continue further. At the core of Wolf's analogy was a "symmetrical triangle," a classic technical analysis pattern that forms when the price fluctuates between two converging trendlines. In a "perfect" scenario, the price breaks out of …
Markets / March 7, 2022
Ethereum miner balance reaches four-year high weeks before the Merge
The Ethereum Merge is slated for Sept. 15, which will see the Ethereum blockchain move from its current proof-of-work (PoW) mining consensus to proof-of-stake (PoS). The Merge is being touted as one of the biggest upgrades for the Ethereum blockchain as it would help the network move to a more energy-efficient way of verifying transactions and eliminate PoW mining completely. With the Merge date approaching, Ether (ETH) miner's balance has touched a new four-year high. According to Oklink data, the balance of Ethereum miner addresses exceeded 260,000 ETH with a total of 261,848 ETH valued at over $415 million at …
Ethereum / Aug. 31, 2022
Apples and oranges? How the Ethereum Merge could affect Bitcoin
It’s been a month since Ethereum said goodbye to an essential feature its blockchain shared with Bitcoin (BTC). Called the Ethereum Merge, the long-hyped upgrade was widely celebrated, with the blockchain ecosystem. However, for the mainstream audience or even for the average trader, it felt more like a Star Wars Day celebrated by sci-fi geeks than an early Christmas. As the Ethereum Merge occurred on Sept. 15, the most extensive blockchain ecosystem parted ways with the proof-of-work (PoW), the energy-hungry consensus mechanism that makes Bitcoin tick. The Ethereum blockchain now works on a more eco-friendly proof-of-stake (PoS) mechanism that doesn’t …
Technology / Oct. 18, 2022
Ethereum at the center of centralization debate as SEC lays claim
Ethereum went through a key network upgrade on Sept. 15, shifting from its proof-of-work (PoW) mining consensus to a proof-of-stake (PoS) one. The key upgrade is dubbed the Merge. The Merge was slated as a critical change for the Ethereum network that would make it more energy efficient, with later improvements to scalability and decentralization to come. A little over a month later, however, some industry observers fear the PoS transition has pushed Ethereum toward more centralization and higher regulatory scrutiny. The Merge replaced the way transactions were verified on the Ethereum network. Instead of miners putting in their computational …
Technology / Oct. 24, 2022
Ethereum price technicals hint at 35% gains versus Bitcoin in 2023
Ethereum's native token, Ether (ETH) could grow by 35% versus Bitcoin (BTC) this year to hit 0.1 BTC for the first time since 2018 as it forms a classic bullish continuation pattern. Ethereum price must first break key resistance Dubbed ascending triangle, the pattern forms when the price fluctuates inside a range defined by a rising trendline support and horizontal trendline resistance. It typically resolves after the price breaks out in the direction of its previous trend. On a weekly chart, the ETH/BTC pair has been painting an ascending pattern since May 2021. The Ethereum token eyes a breakout above …
Markets / Jan. 18, 2023