Ethereum Blockchain Launches ‘Holesky’ Test Network, on First Anniversary of Historic ‘Merge’
Ethereum developers launched a new test network, Holesky, on Friday that they say will improve the largest smart-contracts blockchain’s testing capability – by making it twice as big, at least based on one metric, than the main network.
The first blocks proposed on the new test network were visible on Friday via a new blockchain explorer set up specifically to monitor Holesky, on the website beaconcha.in.
Thailand Warns Facebook Parent Company…
Hedera’s HBAR Spikes; Ethereum Co-Founder…
Why Did Ethereum Co-Founder Vitalik Buterin Send…
Valkyrie Files Ethereum-Focused ETF Application…
The launch of Holesky was selected to mark the first anniversary of Ethereum completing the “Merge,” its historic transition to a “proof-of-stake” blockchain, from the original and more energy-hungry “proof-of-work” model that Bitcoin uses.
Testnets are copies of a blockchain – in this case Ethereum – used specifically for testing new applications and smart contracts in a low-stakes environment.
Ethereum developers expect Holesky to eventually replace the Goerli testnet, targeted for sunset in early 2024.
Biggest testnet for Ethereum
Ethereum core developer Parithosh Jayanthi told CoinDesk that Holesky is expected to become the biggest testnet for Ethereum, and should have 1.4 million validators to help address scalability problems with mainnet. That’s double the 700,000 on Ethereum.
Goerli and Sepolia, another Ethereum testnet, are operated by a smaller subset of “validators” than the main Ethereum chain, and some developers think these smaller validator sets pose a problem.
By making Holesky bigger, developers will theoretically be able to test infrastructure and upgrades under more rigorous conditions, meaning tests that go smoothly on Holesky should be less likely to face unforeseen issues on mainnet.
“We don’t want to hit a scaling issue that could happen first on mainnet,” Jayanthi told CoinDesk prior to Holesky’s debut. “We want to catch [scaling issues] on testnet, which means we have to have a testnet that’s bigger” than the main Ethereum chain.
Recommended for you:
- BitGo, Swan to Form Bitcoin-Only Trust Company
- DeFi Service Frax Finance Gains Momentum Amid Ether Staking Narrative, FXS in Focus
- Craig Wright’s Financial Disclosure Form in $143M Court Case Was Incomplete
Read more: Hello Holesky, Ethereum’s Newest Testnet
Newsletter Every Wednesday
Sign up for The Protocol, our weekly newsletter exploring the tech behind crypto one block at a time.
DISCLOSURE
Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.
The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.
Margaux Nijkerk reports on the Ethereum protocol and L2s. A graduate of Johns Hopkins and Emory universities, she has a masters in International Affairs & Economics. She holds a small amount of ETH and other altcoins.