Ethereum developers launched a new testnet on September 15th. According to its developer documentation, the network is called “Holešky” and is expected to be used for staking, infrastructure, and protocol development. Sepolia will remain the dominant network for application development.
Hello Holesky, Ethereum’s latest testnet
Read details below#cryptonews #ETH pic.twitter.com/Z6DUMkOExz
— Amy Kols Network (@Amyykols) September 14, 2023
The initial supply of Holesky testnet Ethereum (HETH) is 1.6 billion will According to Ethereum developer Tim Beiko, Holešky will be assigned to validators on the day it is launched to bootstrap the network into operation. This is equivalent to ten times the amount of ETH on the mainnet. Beiko said the developers were satisfied with producing this volume because “developing the network [are] 10B power supply is often used. “
Previously, the Goerli testnet was used to test new staking, infrastructure and protocol development. Goerli is the oldest running Ethereum testnet, launched in 2018. In October, protocol developers began complaining that Goerli’s ETH supply was too small to adequately meet testing demand. Given the large initial supply of ETH, Holešky is expected to help alleviate this problem.
related: Ethereum Merger Anniversary – Energy Drops 99%, But Centralization Concerns Linger
Since the launch of Sepolia in 2021, the Ethereum team has been urging application developers to migrate from Goerli to Sepolia, leaving only protocol developers remaining on the old network until Holešky launches. They plan to deprecate Goerli in January 2024. According to its documentation, after deprecation, Goerli will be maintained for another year and then shut down completely.
Holešky could be of great use as Ethereum developers have an ambitious roadmap in front of them. They intend to implement primitive danksharding, danksharding and other features they believe will reduce costs, as well as features such as Verkle trees aimed at reducing the cost of running nodes. Each of these features will need to be trialled on testnet before being implemented on mainnet.
