Why did Holesky, Ethereum's new testnet, face problems after launch?
Let's take a closer look at our comprehensive analysis to understand how we aim to improve existing Ethereum testnets such as Sepolia and Goerli.
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Contents
- 1 Scheduled Network Reboot One Week After Launch
- 2 Innovations in Holesky: Solving Token Monopoly Issues
- 3 Delay in Launch Due to Configuration Errors
- 4 Uncertain Timeline but High Likelihood of Launch Within Two Weeks
- 5 Ongoing Development on Goerli Testnet
- 6 Impact on Ethereum's Next Major Upgrade 'Dencun'
Scheduled Network Reboot One Week After Launch
On September 15, 2023, Ethereum's newly launched testnet, 'Holesky', encountered issues, leading to the decision to reboot the network one week later.
Holesky was developed to address issues present in Ethereum's existing testnets, such as 'Sepolia' and 'Goerli', and aims to provide a better testing environment.
Innovations in Holesky: Solving Token Monopoly Issues
In Sepolia and Goerli, there were issues where 'gas-fee tokens' were monopolized by a small number of organizations.
To counter this, Holesky has introduced a new token called 'Holesky ETH (HETH)', which will be minted at 10 times the volume of the mainnet, amounting to "1.6 billion" tokens.
Delay in Launch Due to Configuration Errors
Though Holesky was scheduled to launch on September 15, 2023, a configuration error prevented the network from launching as planned.
On September 16, 2023, it was reported that developers had agreed to reboot the network one week later.
Uncertain Timeline but High Likelihood of Launch Within Two Weeks
The exact timing for Holesky's network to go live is yet to be confirmed; however, it's highly likely that the network will be operational within two weeks starting from September 16, 2023.
Ongoing Development on Goerli Testnet
While the Goerli testnet is still operational, development and application testing can continue on its network. It's expected that the Goerli testnet will be discontinued around the beginning of 2024.
Impact on Ethereum's Next Major Upgrade 'Dencun'
Though Holesky is considered crucial for the launch of Ethereum's next major upgrade, 'Dencun', the recent delay is not expected to impact Dencun's launch timeline.