The migration of the Ethereum network to the Proof-of-Stake (PoS) algorithm is getting closer – the developers have launched the Kiln testnet, which should be the last one before the main network switches to PoS.
At the beginning of March, the developers launched the devnet5 testnet – as the name implies, it is intended for testing by developers. Kiln public network turned on to work just now. With the help of this testnet, developers of Ethereum-based clients and solutions should work out a full transition to PoS.
“We strongly encourage all developers to fully test and deploy their applications on the Kiln network. Please report any dependency issues or tool bugs to us,” the Ethereum Foundation wrote in a blog post.
At the same time, Kiln currently works on the Proof-of-Work (PoW) algorithm. The transition of this network to PoS is planned for the near future. This will fully work out the transition of the Ethereum main network from PoW to PoS.
Typically, testnets run for about three months. Accordingly, if everything goes according to plan and testing is successful, then a full-fledged transition of Ethereum to PoS can be expected this summer. However, the exact date of migration has not yet been determined.
Earlier, Abra founder and CEO Bill Barhydt expressed confidence that ETH could reach $40,000 if developers manage to reduce transaction fees and gas fees.
Source: Bits
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