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Ethereum Client Update for Holesky Testnet

Ethereum Client Update for Holesky Testnet

Ethereum Client Releases Major Upgrade For Holesky Testnet

Ethereum client Nethermind has released an update for validators clients and node operators to effectively update to the upcoming Holesky testnet. The Holesky testnet launch on September 15 marks a significant step in Ethereum’s evolution.

  • Ethereum execution layer client Nethermind released the v1.20.2 upgrade for the upcoming Holesky testnet launch on September 15 at 14:00 UTC.
  • Holesky testnet is set to replace the long-running Goerli testnet.
  • In order to use Nethermind with this new chain, users need to run different configs for the Snap Synced node and archival mode setup.
  • Ethereum core developer Tim Beiko earlier stated the popular Goerli testnet will eventually shut down as application developers’ usage grew exponentially.
  • The Ethereum team is working on the Cancun upgrade, bringing account abstraction, enhancing scaling, and improving storage effectiveness.

ETH Price Rises 5%

Ethereum price has seen a 5% increase in the last 24 hours, currently trading at $1720. Despite selloffs by Ethereum creator Vitalik Buterin and the Ethereum Foundation, the price has remained relatively stable.

  • The 24-hour low and high for ETH price are $1639 and $1734, respectively.
  • Trading volume has increased by more than 150% due to Grayscale’s victory against the U.S. SEC.

Hot Take

The release of the major upgrade for the Holesky testnet by Ethereum client Nethermind is a significant development for validators and node operators. It signals Ethereum’s continuous evolution and its commitment to improving its infrastructure. Additionally, the rise in ETH price demonstrates the resilience of the cryptocurrency despite recent selloffs. The increased trading volume further highlights the growing interest and confidence in Ethereum’s future.

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Ethereum Client Update for Holesky Testnet