Ethereum Devs are currently testing ETH 2.0 by launching the first mainnet ‘Shadow Fork’ into testnet following the release of The Merge. This will test the network’s transition from proof-of-work to proof-of-stake.
The team plans on releasing Phase Two of ETH 2.0 Upgrade: ‘The Merge,’ but will first see its credibility by testing on shadow forks.
Ethereum 2.0 is on its way, and the world is anticipating the new changes it would bring to the platform.
Before this, the network used the proof-of-work model which received many complaints from the miners for taking too much energy. The network came up with the solution to transition toward the proof-of-stake model. The Ethereum Foundation believes the ETH 2.0 will cut down the energy for the stakers.
Ethereum 2.0 is the network’s transition from proof-of-work to the proof-of-stake model. According to the Ethereum co-founder Joe Lubin, the ETH 2.0 will be live “by Q2 or possibly slipping into Q3.”
The network is releasing shadow forks to testnet to make sure it is closely similar to Ethereum Mainnet and that no errors occur once it is live. Until now, the team has already made three testnets and plans on making more for a perfect end product.
Ethereum developer Parithosh Jayanthi explains the process in detail through this tweet:
Shadow forks are when the software develops copy data from Mainnet to Testnet to examine their features before they finally upload it on the mainnet.
It is a safe way of regulating a huge blockchain and making sure no bugs exist within the network.
Ethereum’s software developer says today is the first mainnet Shadow Fork for ETH 2.0.
They will be testing PoS on Ethereum to ensure it runs smoothly before transferring it to the mainnet.
As of now, Ethereum has done $8.1M transactions with 13.8 seconds average block time and a total of 1 billion transactions.
The Ethereum Foundation considers it a huge success and the network is almost ready to be launched officially by the 2nd or 3rd quarter of this year.