- Ethereum developers have launched an ETH 2.0 Testnet called Steklo.
- Ethereum is gradually moving from Proof-of-Work to Proof-of-Stake.
- Ethereum recently reached a new all-time high of just under $3,000.
The first Ethereum 2.0 Testnet Steklo was launched today with 3 Eth1 clients (Besu, Geth and Nethermind), and 4 Eth2 clients (Teku, Prysm, Lighthouse, and Nimbus). This is the first successful step towards a Proof-of-Stake.
However, the Steklo will operate for only one day due to its instability.
Moreover, based on Zouarhi’s tweet, Ethereum is finally moving from its Proof-of-Work (PoW) network toward becoming Proof-of-Stake (PoS) consensus mechanism platform. As such, the Steklo launch marks a major milestone for the ETH network.
Ethereum 2.0 developer Diederik Loerakker notably said that the testnet functionality is not stable for now. However, Loerakker added that if the testnet becomes stable, they will do more user-centric testnets in the upcoming days. In addition, Loerakker noted that the testnet clients faced a lot more issues at the start.
Meanwhile, ETH recently achieved a new all-time high taking the top altcoin to just under $3,000 at $2,961.56.