Ethereum Developers Announce New Testnet Holesky Will Launch Next Month: Here’s What’s New

Ethereum (ETH) is preparing to launch a new testnet called Holesky next month.

Ethereum developers held a Zoom meeting yesterday on the subject and announced that the new testnet will go live next month.

Testnets can be defined as clone blockchains that allow developers to test their applications and smart contracts before deploying them to the mainnet. Ethereum currently has two main testnets: Goerli and Sepolia. However, Goerli is expected to be phased out soon, replacing Holesky.

Related News  JUST IN: SEC Formally Files Motion for Leave to File Interlocutory Appeal in Ripple Case

Holesky will potentially have a supply of over 1 billion testnet ETH, making it easier for developers to access testnet ETH for testing purposes.

Holesky will replace Goerli as the testnet for staking, infrastructure and protocol development, according to details identified at the Ethereum developers’ meeting yesterday. Sepolia will remain the testnet for decentralized applications (DApps), smart contracts, and other Ethereum Virtual Machine (EVM) functionality.

The name Holesky comes from Nádraží Holešovice, a train station in Prague, Czech Republic. The name is a continuation of the tradition of giving Ethereum testnets the names of train stations. Goerli, for example, was named after the Goerlitzer Bahnhof station in Berlin, Germany.

Previous articleCME Group to launch BTC, ETH reference rates aimed at Asia’s investors
Next articleElon Musk’s Spacex Writes Down Bitcoin Worth $373 Million
Hello, my name is Vincent Parks. I help novice traders and private investors. I write articles on trading / TA / trading psychology etc. For the past 3 years, I have been an account manager in a company that specializes in binary options. I have more than 5 years of professional experience in FX/crypto trading. My goal in life is to share my knowledge and experience with more people.