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STOCK FUTURES RISE AS TECHS REVIVE, WITH NETFLIX EARNINGS ON TAP

U.S. bond yields continue to slip away from recent five-month highs, easing pressure on stocks

Ethereum's Sepolia Testnet Successfully Switches to Proof-of-Stake

Margaux Nijkerk
Updated ·1 min read

The penultimate test environment network (testnet) merge before the Ethereum blockchain makes its long-awaited move to proof-of-stake from proof-of-work has successfully been completed.

  • Sepolia was the second of three public testnets to run through the Merge. After this, Goerli is expected to merge.

  • The network went to proof-of-stake (PoS) when the Terminal Total Difficulty (TTD) exceeded 17,000,000,000,000,000. That occurred around 17:00 UTC.

  • In the hours since the testnet merge happened, no significant glitches have been reported.

  • The Sepolia merge was a two-step process. Ethereum announced that first the operators needed to update their consensus layer and execution layer clients together. That then activated two phases: the first at an epoch height on the Beacon Chain and the second upon hitting the total difficulty value on the execution layer.

  • The testnet merge takes the project one step closer to Ethereum's mainnet upgrade later this year. The first testnet merge, Ropsten, was completed on June 8.

Read more: Merge Testing on Ethereum: What Is It and Why Does It Matter?