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Ethereum Unveils Shiny New Testnet, What Does It Do

Press Releases Crypto News Bitcoinist Ethereum Unveils Shiny New Testnet, What Does It Do

Ethereum developers have announced the launch of a new testnet for the Ethereum blockchain. The testnet is expected to be a superior version of the Goerli Testnet, one of Ethereum’s primary testnets, and take its place following its upcoming deprecation and shutdown.

Ethereum Releases Holesky Testnet

Ethereum, the world’s largest blockchain by TVL and the second-largest cryptocurrency by market capitalization has marked a significant step in its evolution with the latest development in the crypto space.

On Friday, September 15, developers announced the official deployment of a new testnet, Holesky on the Ethereum Mainnet. The Ambassador Manager of Kols Network, Amy Kols described the key features and details of the newly released Holesky testnet in an X (formerly Twitter) post on September 14.

Kols explained that the reason for the deployment of the Holesky testnet was to take over the Goerli testnet which faced supply issues. She revealed that the Holesky network will be used for testing complex upgrades and infrastructure and will continue running and be supported by the network until 2028.

The Holesky testnet provides a strong and secure platform for Ethereum developers and validators to test new features and upgrades. The newly released testnet is said to have a stronger ability to handle testing requirements than the Goerli testnet.

Validators for the testnet will also be supplied with 1.6 billion Holesky Ether (HETH) to kickstart the testnet into operation. The number of HETH is a staggering sum and 10 times larger than the amount of Ether (ETH) present on the Ethereum mainnet and the Goerli testnet.

Developers have stated that a large supply of HETH to validators will help the testnet have higher testing capabilities, allowing it to be more scalable, and have better staking capab

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Author: Scott Matherson

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