Depricated as of Oct 2022

Some CRYPKYP functionalities are depricated as of October 2022 and will no longer be populated until further development and future version.
Although all here is visible and interactable you can not Contribute to those articles.
Try looking at other information on the Platform and Contributing there!

Have a great day,

Last Testnet Merge of Ethereum Scheduled for Early August

Ethereum / Image Credit: CRYPKYP
Source: Decrypt
1659087624 29 Jul / 09:40

One step separates Ethereum from the merging. And this final stage will occur within days. The Ethereum Foundation has announced that the Goerli/Prater testnet deployment, the penultimate test before Ethereum's much-anticipated move to proof of stake, will occur next week.

Testnets like Goerli serve as dress rehearsals for the merging by transferring the whole Ethereum mainnet to a test network environment. The Goerli testnet is the third and last of its kind. The Sepolia testnet launched this month without incident, while the Ropsten testnet successfully migrated to proof of stake in June.

The Goerli testnet is intended to join with Prater, its related beacon chain, between August 6 and August 12. Since December 2020, the primary beacon chain is the proof-of-stake version of Ethereum running concurrently with the present proof-of-work Ethereum network.

All Ethereum network activity will be transferred from the current proof-of-work chain to the beacon chain due to the merging. Ethereum’s core developers anticipate deploying the merge on or around September 19 if the Goerli testnet runs successfully.

In the network’s current proof-of-work format, ETH is generated through an energy-intensive process known as “mining,” in which so-called miners use massive amounts of computational power to solve challenging riddles in the hopes of earning blocks of fresh ETH.

The merging will end the practice of mining ETH and replace it with a procedure in which holders of at least 32 ETH will be able to commit their current ETH to produce more. The Ethereum Foundation asserts that the proof-of-stake approach will make the Ethereum network 99 percent more eco-friendly.

Some feel the merging will have a deflationary effect on the cryptocurrency, as the practice of staking will likely lock up a significant amount of ETH already in circulation, keeping supply low while demand remains steady or grows.

Because of this, ETH’s price has increased by 44 percent over the past month, compared to Bitcoin’s 14.6 percent increase. According to CoinMarketCap, ETH reached a price of $1,742.42 this morning, a level not seen since early June.

Last News and Media
CRYPKYP contain links to third-party websites, resources, and advertisers. CRYPKYP does not control, sponsor, recommend or otherwise accept responsibility for any third-party content because we are not responsible for the availability of these outside resources or their contents or privacy practices. It will help if you direct any concerns regarding any third-party content to such a third party. We don't accept responsibility for the content of external websites linked to through the Site or the Services. Third-party content is accessed at the user's own risk. CRYPKYP distributes content from third-party publishers as indicated on the site from time to time mainly in Airdrops, News / Media, Whale Alerts, and Rumors. In these circumstances, CRYPKYP only provides limited stylistic input to the content. CRYPKYP does not verify and takes no responsibility for the accuracy of the content provided by any such third-party publishers.