Following Ropsten and Sepolia , Goerli Testnet is the final testnet of the merger program, officially launched by Proof-of-Work (PoW) blockchain on August 11th at 1:45 am UTC.Convert to Proof of Stake (PoS) blockchain.
This is the most important merge test to date, as it is the last test before the main network, The Merge, and Goerli is the longest running Beacon chain testnet to date.After Goerli, the main Ethernet network will be officially merged.
Ether developer Tim Beiko has said that if the Goerli merger is ultimately successful the major upgrade will take place on his proposed date of September 19th (or close to it)。Goerli Testnet's Successful Merger Means Ether Merger Tentatively Scheduled for September 19th Should Proceed as Scheduled。The merger, which has been postponed many times, seems to be a must this time.。
Ether is still relying on the PoW consensus mechanism for mining, but once the merger upgrade is complete, Ether will switch to a PoS mechanism.
Users will be able to validate transactions based on the amount of ETH pledged to earn Staking Reward, and the Ethernet blockchain will operate more efficiently, reducing both cost of use and energy consumption.
Ether has just returned below the critical $2,000 resistance before Ether enters the final merger phase of the testnet. Ether has been outperforming Bitcoin over the past few weeks, and it is believed that the market is more focused on the potential of an Ether upgrade merger. If the merger is successful, the price of Ether is expected to rise further to around $2,200 (EMA 200).。