Last Friday, Ethereum commemorated the first anniversary of “The Merge” by unveiling its latest testnet, Holesky.
Initially called Holli, Holesky aims to improve the Ethereum testing environment. Going live at 10 a.m. ET, it debuted a year after Ethereum transitioned from a proof-of-work mining system to a proof-of-stake consensus mechanism.
Testnets in the blockchain sphere run in parallel with the main network, providing developers an opportunity to run applications in a test environment and address potential issues without affecting the mainnet.
Holesky has Become the Third Testnet
Holesky has become the third testnet for Ethereum, joining Goerli and Sepolia. Given reports suggesting a potential phase-out of Goerli in the first half of 2024, Holesky’s role may become increasingly crucial in the future.
One defining feature of Holesky is its expected provision of around 1.6 billion testnet ETH. This allocation aims to alleviate the challenges developers face when obtaining testnet ETH on existing networks, thereby simplifying the process of testing Ethereum smart contracts on Holesky.