.png)
Web3Wire
June 11, 2022
.jpg)
Ropsten becomes the latest testnet on which the Merge will be implemented before the final transition occurs later this year.
Big Step Towards the Merge
The Ethereum developers have just surpassed a new milestone in the network’s path of transitioning from a Proof-of-Work (PoW) to a Proof-of-Stake (PoS) network by deploying the upcoming Merge on the network’s Ropsten testnet.
An Ethereum blog post revealed that the upcoming Merge has been deployed on the network’s Ropsten testnet on June 8. This entailed that the proof of work execution layer was successfully merged with the Beacon chain, the proof of stake consensus layer, to recreate the final transition on the mainnet. The Merge is the biggest milestone in the roadmap of Ethereum yet, and it has taken several delays that lasted years for the development and network to finally come to a stage where the final transition seems to be in sight.
“The Merge is different from previous Ethereum upgrades in two ways. First, node operators need to update both their consensus and execution layer clients in tandem, rather than just one of the two,” mentioned the Ethereum blog. “Second, the upgrade activates in two phases: the first at a slot height on the Beacon Chain and the second upon hitting a Total Difficulty value on the execution layer.”
The Merge brings about several changes to the Ethereum network. A few of them are highlighted below:
- The transition from currently being partially a PoS network to a fully PoS network where eth1, the execution layer, and eth2, the consensus layer, work in tandem.
- Miners will become irrelevant and be forced to move to become validators/stakers.
- Despite the widespread notion that the Merge will reduce the transaction/gas fees on the network, the transition will not impact the transaction fees.
The deployment of the Merge on the Ropsten testnet remains one of the most important testing grounds to gauge the reliability of the Merge due to its close resemblance with the mainnet. The Merge has been previously deployed on the Kiln and Kintsugi testnet. In the coming months leading up to the final transition to PoS, the Merge will also be deployed on the Goerli and Seoplia testnets.
According to the latest information from Vitalik Buterin, the co-founder of Ethereum, speaking at the ETH Shanghai summit, the Merge is set to finally happen in August this year. However, he also gave room for potential hiccups and stated that the Merge could happen in September or October. Irrespective of the timeline, it is evident that this year will bring the final transition to PoS for the Ethereum community.
What is Ethereum:
Ethereum is the most utilized blockchain network within the Decentralized Finance (DeFi) markets due to its smart contract functionality for developers to deploy. Ethereum was founded in 2015 by a team of developers that included Vitalik Buterin and the founder of Polkadot, Gavin Wood. After the inclusion of the smart contract functionality, Ethereum went on to become the most popular network for the deployment of Decentralized Applications (dApps) and currently has a total value locked (TVL) of $67.3 billion, as per data from DeFiLlama.
Find more about Ethereum here:
Website | Twitter | Documentation | Whitepaper | Reddit | Discord | Youtube | GitHub | Ethereum Foundation Blog |
Follow us on Twitter and Instagram!
Check out the Web3Wire Linktree to keep up with all relevant Web3 and Crypto!
This is a paid Ask Me Anything (AMA), BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement AMA for $2000 Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the AMA.
Overall it is vital to proceed with caution when purchasing tokens that have just been listed. For those who have not already read our articles on safety in the BSC it is crucial to reference the following items, HERE and HERE.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $2500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $2500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
Overall it is vital to proceed with caution when purchasing tokens that have just been listed. For those who have not already read our articles on safety in the BSC it is crucial to reference the following items, HERE and HERE.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $2000. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $2000. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
Related News
.jpg)
.jpeg)
August 7, 2022
Axie Infinity Holds Summer Loving Art Contest
The prize pool consists of 1,700 $AXS, 1 Mystic Axie, 6 Origin Axies, Summer Axies, and a mystery prize.
Artists Challenge
Axie Infinity, a PlayAndEarn blockchain game built on Ethereum sidechain Ronin, announced an art contest related to its ongoing summer event.
In a tweet on Aug. 4, Axie Infinity called on artists within its community to showcase their skills and get rewarded for it. The top 100 entries will win at least 1 $AXS from a pool totalling 1,700 $AXS, 1 Mystic Axie, 6 Origin Axies, Summer Axies, and mystery prizes.
The event comes at a time when battlers are in the offseason, and breeders are taking center stage to breed rare summer parts for their Axies.
xKerod, an Axie Esports player and content creator from GTI guild, decided to answer the call and enter the contest.
“I was really happy, I really love contests like these,” xKerod said. “I'm a competitor. I want to win, but share my art with everybody [at the same time]. I really want to do something unconventional, I don't really know what I will do, but it's gonna be insane with my art.”
Those who wish to join xKerod in the contest must submit a piece of art that relates to the parts of either one of the two Axies on the image above, or any six-part summer Axie. Submissions can be drawings, paintings, music, sculptures, 3D printing, or animations. Submit entries through Twitter with the hashtag #AxieSummer. Contestants then just fill an online form to finalize their entry.
Check out Axie Infinity’s Substack post for more details.
What Is Axie Infinity:
Axie Infinity is a PlayAndEarn blockchain game where players breed, collect, and play with digital pets called Axies and earn from the interactions. It’s built on Ronin, an Ethereum-based side-chain developed by Vietnamese-based gaming studio Sky Mavis. The protocol put eyes on the PlayAndEarn gaming industry back in 2021. In addition, the team is building a digital nation where each community member comes together to play, earn, and live in Lunacia.
Where to find Axie Infinity:
Website | Twitter | Medium | Whitepaper
Check out the Web3Wire Linktree to keep up with all relevant Web3 and Crypto!
Follow us on Twitter and Instagram!
Looking for a job in crypto? Check out the CryptoJobsNow!
.jpeg)
August 7, 2022
NodeReal Teams With ApeSwap in Key Partnership
Through the use of Meganode’s Nodes and APIs, ApeSwap aims to become the most connected DeFi hub.
ApeSwap Aims to Make DeFi Accessible to all
In a recent blog post, NodeReal, a one-stop blockchain infrastructure and services provider, announced its partnership with ApeSwap, a leading Decentralized Finance (DeFi) protocol.
The NodeReal team told BSC News:
“We are very honored to be chosen by Apeswap and receive the great compliments. NodeReal and ApeSwap share the same vision to make Web3 accessible for all. We adhere to providing the best-in-class services to support our partners.”
According to the announcement blog, the partnership between the two entities is aimed at deploying NodeReal’s services toward ensuring that transactions on ApeSwap are secure, accessible, and made open for all.
As stated by NodeReal, the partnership is powered through its flagship product - MegaNode. MegaNode provides developers with Web3 infrastructure needed to deploy Decentralized Applications (dApps). Through NodeReal’s MegaNode, projects can access nodes and APIs on Ethereum Virtual Machine (EVM) blockchains, such as BNB Chain and Ethereum.
Speaking on the decision to use MegaNode, ApeSwap Co-Founder Ape Guru told BSC News:
“The main reason was the performance and the fact that it was the only RPC provider that was able to keep pace with our indexer Sugraph. It was at least at the same level of our current setup. In addition to this as the article mentions, the cost relative to the performance and value, just blew out of the park every competitor I've assessed. Finally their team has been super helpful during the whole journey, supporting us, while helping each other build better infra.”
On how the partnership will help the DeFi protocol fulfill its objectives, he added:
“We believe the partnership can help make DeFi more accessible by showcasing a high quality free and paid RPC provider that can bring performance and stability to DeFi users.”
On the importance of NodeReal and its products within the BNB Chain, the NodeReal team said:
“The NodeReal team has a deep understanding of the blockchain technology and frontier technology in Web3, with the capability to maintain the system stability and scalability in an environment of millions of daily transactions. Some of our team members come from veteran positions at BNB Chain, and we are one of the core contributors to the BNB Chain development.”
Further:
“Currently, on BNB Chain, we not only provide blockchain API services through MegaNode but also provide Blockchain-as-a-Service through Semita, which allows you to run high-performance projects by building on open source blockchain technologies in hours. NodeReal's mission is to make your Web3 real. The BNB Chain ecosystem is one of the most important areas we are committed to supporting, by providing high-performance infrastructure and services.”
What Is NodeReal:
NodeReal describes itself as a one-stop infrastructure and solution provider that embraces the high-speed blockchain era. It provides scalable, reliable, and efficient blockchain solutions for everyone, aiming to support the massive adoption, growth, and long-term success of the Web3 ecosystem.
Where to find NodeReal:
What Is ApeSwap:
ApeSwap is a leading DEX on BNB Chain, which offers users the best trading experience. ApeSwap is a blend of a decentralized exchange, yield farming, staking, and an automated market maker (AMM). ApeSwap users are urged to partake in its liquidity pool offerings via yield farming to earn its native BANANA token. What's more, these earned tokens can be used to stake and earn other tokens and unlock deluxe features.
For more information about ApeSwap, visit the platform's media links:
Website | Twitter | Medium | Telegram
Check out the Web3Wire Linktree to keep up with all relevant Web3 and Crypto!
Follow us on Twitter and Instagram!
Looking for a job in crypto? Check out the CryptoJobsNow!
Ethereum Ropsten Testnet Goes Through Merge
Ropsten becomes the latest testnet on which the Merge will be implemented before the final transition occurs later this year.
Big Step Towards the Merge
The Ethereum developers have just surpassed a new milestone in the network’s path of transitioning from a Proof-of-Work (PoW) to a Proof-of-Stake (PoS) network by deploying the upcoming Merge on the network’s Ropsten testnet.
An Ethereum blog post revealed that the upcoming Merge has been deployed on the network’s Ropsten testnet on June 8. This entailed that the proof of work execution layer was successfully merged with the Beacon chain, the proof of stake consensus layer, to recreate the final transition on the mainnet. The Merge is the biggest milestone in the roadmap of Ethereum yet, and it has taken several delays that lasted years for the development and network to finally come to a stage where the final transition seems to be in sight.
“The Merge is different from previous Ethereum upgrades in two ways. First, node operators need to update both their consensus and execution layer clients in tandem, rather than just one of the two,” mentioned the Ethereum blog. “Second, the upgrade activates in two phases: the first at a slot height on the Beacon Chain and the second upon hitting a Total Difficulty value on the execution layer.”
The Merge brings about several changes to the Ethereum network. A few of them are highlighted below:
- The transition from currently being partially a PoS network to a fully PoS network where eth1, the execution layer, and eth2, the consensus layer, work in tandem.
- Miners will become irrelevant and be forced to move to become validators/stakers.
- Despite the widespread notion that the Merge will reduce the transaction/gas fees on the network, the transition will not impact the transaction fees.
The deployment of the Merge on the Ropsten testnet remains one of the most important testing grounds to gauge the reliability of the Merge due to its close resemblance with the mainnet. The Merge has been previously deployed on the Kiln and Kintsugi testnet. In the coming months leading up to the final transition to PoS, the Merge will also be deployed on the Goerli and Seoplia testnets.
According to the latest information from Vitalik Buterin, the co-founder of Ethereum, speaking at the ETH Shanghai summit, the Merge is set to finally happen in August this year. However, he also gave room for potential hiccups and stated that the Merge could happen in September or October. Irrespective of the timeline, it is evident that this year will bring the final transition to PoS for the Ethereum community.
What is Ethereum:
Ethereum is the most utilized blockchain network within the Decentralized Finance (DeFi) markets due to its smart contract functionality for developers to deploy. Ethereum was founded in 2015 by a team of developers that included Vitalik Buterin and the founder of Polkadot, Gavin Wood. After the inclusion of the smart contract functionality, Ethereum went on to become the most popular network for the deployment of Decentralized Applications (dApps) and currently has a total value locked (TVL) of $67.3 billion, as per data from DeFiLlama.
Find more about Ethereum here:
Website | Twitter | Documentation | Whitepaper | Reddit | Discord | Youtube | GitHub | Ethereum Foundation Blog |
Follow us on Twitter and Instagram!
Check out the Web3Wire Linktree to keep up with all relevant Web3 and Crypto!
.jpg)
.jpeg)
.jpg)
