Goerli Testnet Completes Merge with Ethereum’s Consensus Mechanism

Ethereum’s (ETH) Goerli testnet has completed its merge with the proof-of-stake (PoS) consensus mechanism.

The announcement was made known in the early hours of today, the 11th of August, 2022. Ethereum is up 12% and trading at $1,886 following news of the successful completion of the Goerli testnet merge.

‘‘The Goerli testnet has been successfully merged and is now a full Proof of Stake chain. Next up is (finally) the Ethereum mainnet!! The Merge is coming” it reads.

Ethereum’s (ETH) Goerli testnet completed its merge with the proof-of-stake consensus mechanism in the early hours of August 11.

Goerli is one of the most active Ethereum testnet. The merge was completed around 1:45 UTC after Terminal Total Difficulty (TTD) exceeded 10,790,000.

The Goerli testnet merge has started since August 4 and it wasn’t without some minor issues. Ethereum developer MariusVanDerWijden noted that there were some confusion on the network because of two different terminal blocks and lots of non-updated nodes. 

The successful completion of the merge has made Ethereum’s price to rise by 12% to $1886, as of writing.

With the success of the Goerli testnet merge, the likelihood of the final merge happening in mid-September has grown significantly. Ethereum’s upcoming merge has changed the feelings surrounding the crypto industry.