Ethereum Investors Buckle Up, Mainnet Deployment May Boost its Price

What Changes You Can Expect in Ethereum Price in 2020

It is great news for the entire Ethereum (ETH) community that the necessary steps for the implementation of PoS are being taken. The configuration code for the Ropstentestnet Merge has been requested by the development team through the pull request.

The person behind the submission of the pull request is ParathiJayanathi, an Ethereum DevOps engineer. The recent piece of information surrounding the Merge configuration code means that it is ready for implementation.

The Wait Comes to an End

Those following the crypto-verse, especially Ethereum would know how long the anticipation has been lost for the Ethereum Merge. Ever since the announcement back in 2020, the mainnet for Ethereum’s upgrade has been awaited. Finally, after the long wait, the PoS system is set for launch through the beacon chain.

Testing for and Prior to the Mainnet

The particular Merge has undergone extensive testing, which also includes the testnet. Multiple tests were conducted to establish how the new functionalities and the merge would turn out to be. It was in the past month when the switch testing was carried out by the Ethereum developers. The particular switch will be integrated into the shadow fork.

The development team at Ethereum has confirmed that the test for the final checks is still due. The testing would confirm whether the merge would work perfectly fine or not, once the mainnet for Ethereum has been launched. The particular testing would take place through the main public testnet of Ethereum.

For those unsure of Ropsten public testnet, it has been developed to act as a replicator of the Mainnet or Ethereum. Currently, there is no other replicator that has reached the same level as Ropsten when it comes to copying the EthereumMainnet environment.

The Ropstentestnet is popularly known for allowing the developers to operate in a live setting while testing the system. Once all the tests are carried out and the public mainnet is also tested, the new Merge will be up for launch.

Deployment of the New Mainnet

Prysmatic Labs’ Ethereum core developer, Preston Van Loon, has also hinted toward the possible launch of the new mainnet. As per him, they will be done with all the testing by the end of the third quarter of 2022. They plan on launching the mainnet by the end of the last quarter of 2022.

The reason behind the deployment is to end the story of the Proof-of-Work (PoW) module for Ethereum, replacing it with Proof-of-Stake (PoS). The new mainnet will aim to increase the transaction volume, lessen the transaction fees, and increase the speed of transactions.

Most importantly, the mainnet will change the way Ethereum is mined. All these factors combined will eventually boost the price and valuation of Ethereum in the due course. At the time of publication, Ethereum is worth $2,012.96 going through very difficult times.

However, the deployment of the new mainnet will definitely work wonders for Ethereum, helping it hit all-time highs.