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ETH Developers Unveil Holli Testnet To Solve Network’s Supply Issues

Ethereum wants to launch another testnet later on in 2023. The network’s core developers plan to migrate from the current testnets to this new one to solve the issue of ETH supply.

Ethereum Developers Working On A New Testnet 

Meanwhile, the “Holli” testnet is expected to become the first public Ethereum testnet merged from genesis. Tim Beiko, a core Ethereum developer, confirmed the news via Twitter.

According to Beiko, they might launch the new testnet around September 15th, when the Merge took place last year. Besides, the Ethereum team plans to introduce a new testnet since the September 15th Merge.

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@TimBeiko tweeted, “we want to launch a new testnet named Holli this year. However, we aim to address any outstanding issues beforehand. I have already proposed two suggestions on the repository and would appreciate feedback from application layer developers on how we can improve our approach.”

According to him, old testnets can pose difficulties for node operators and clients due to the longer time and storage requirements for syncing. The Sepolia testnet used a mintable ERC20 token instead of the sepETH for its beacon chain to tackle this problem.

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This effectively resolved the supply issue. By implementing this approach, validators could successfully mint SepETH after Shapella and resolve the supply problem.

However, it is worth noting that Sepolia does not allow permissionless validators, but Goerli does. The Goerli testnet employs the GoETH Ethereum client for its beacon chain.

In recent months, there has been an initiative to establish periodic ephemeral testnets for shadow forks and stakers. The aim is to enable swift testing of upgrades without requiring a full testnet.

Beiko Offers Two Solutions 

So, before the launch of the Holli testnet, Ethereum developers are strategizing to facilitate testnet ETH token accessibility for application developers. Testnets serve the needs of three user groups: application developers, client developers, and stakers/node operators/miners.

Nevertheless, these groups have distinct requirements. Meanwhile, Beiko proposed two solutions to address the issues.

First, developers should add each ETH address where they deployed the contract on the Sepolia, Goerli, or mainnet to the genesis file. Furthermore, they should collaborate with infrastructure developers and major contractors to deploy on the network soon after genesis.

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At present, the Ethereum network is gearing up to facilitate the withdrawal of Ethereum that was staked on the Beacon chain through the forthcoming Shanghai upgrade. According to reports, the Shanghai upgrade is slated for March.


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Bradley Nelson

Bradley Nelson is a US based cryptocurrency news writer for Tokenhell, he helps readers stay up to date with the latest trends and news from the blockchain and crypto world. Bradley has been a crypto enthusiast since 2018.

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