Ethereum to shut down 3 testnets after Merge

???? Do you want to work with us? CryptoSlate is hiring for a handful of positions! Details have emerged that only the Goerli and Sepolia testnets would continue to operate once the highly anticipated Ethereum merger is complete. according to a blog post by the Ethereum Foundation, the Kiln, Rinkeby, and Ropsten testnets would be [...]

Ethereum to shut down 3 testnets after Merge

???? Do you want to work with us? CryptoSlate is hiring for a handful of positions!

Details have emerged that only the Goerli and Sepolia testnets would continue to operate once the highly anticipated Ethereum merger is complete.

according to a blog post by the Ethereum Foundation, the Kiln, Rinkeby, and Ropsten testnets would be deprecated because resources need to be focused on maintaining the two testnets that will continue to function.

However, developers would still have time to plan their migration before shutting down completely.

Timeline of closures

According to the blog post, Kiln would be the first Ethereum testnet to be shut down. The testnet was developed to provide a post-merger testing environment, and would be the first to shut down once the transition to a proof-of-stake network is complete.

The next testnet to be closed is Rinkeby. The testnet is scheduled to go offline in the last quarter of this year.

Ropsten would continue to be available between the second and third quarters of this year. However, it would be disabled a year after the Sepolia testnet successfully transitioned to proof of stake.

Further development details indicated that once the upgrade to the blockchain is complete, the function of maintaining and running the two testnets would be under the exclusive purview of the client developers.

While Goerli will be merging with the Prater Beacon Chain testnet, its chain will remain open to those who wish to run a testnet validator; A new Beacon chain will be introduced to transition Sepolia to the Proof-of-Stake network.

Vitalik Buterin expresses concern about centralization problems

Ethereum co-founder Vitalik Buterin in a recent interview with Fortune has raised concerns about the centralization issues posed by the staking services provided by Lido Finance to the network.

Lido currently accounts for a third of all Ethereum staked.

He said,

“I am definitely worried. I think that’s one of the biggest issues we’re thinking about when we’re trying to figure out how to change proof-of-stake in the long run. But I also think it’s important not to catastrophize the issue too much, because that’s what a lot of people do.”

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source: cryptoslate.com