<body><div><figure><img src="https://img.particlenews.com/image.php?type=thumbnail_580x000&amp;url=0Ga8Ch_0o2BEsfF00" alt="https://img.particlenews.com/image.php?url=0Ga8Ch_0o2BEsfF00" width="800" height="420" ></figure>In an Aug. 17 meeting, Ethereum developers discussed developments around a new testnet — named ‘Holesky’ — that is set to launch on Sept. 15.Parithosh Jayanthi, DevOps at the Ethereum Foundation, said that developers tested 1.4 million validators on the Holesky testnet and were able to finalize the network. Jayanthi said this is now recommended as the starting size for the testnet.Jayanthi also asked developers how many testnet tokens should circulate on Holesky. Ethereum developers decided to introduce 1.6 billion Holesky ETH into circulation, as large supplies have previously been supported on testnets. Developers decided not to reduce that number to match the Ethereum mainnet’s 120 million ETH supply, though this option was briefly under consideration.<h2>Holesky will launch in mid-September</h2>GitHub documentation indicates that Holesky will launch on Sept. 15, 2023 at 14:00 UTC. This incidentally was the date of Ethereum’s Merge launch in 2022.The testnet will remain in use for several years, with long-term service (LTS) support lasting until 2027 and end-of-life (EOL) lasting until 2028.Documentation additionally states that Holesky will replace Ethereum’s Goerli testnet, which was introduced in 2019 as the project prepared to launch its proof-of-stake features and abandon proof-of-work mining. Goerli and Holesky — as well as the current Ethereum mainnet — all act as proof-of-stake chains. However, unlike Ethereum’s mainnet, the two testnets do not use ETH tokens with real market value.Holesky will also pave the way for two future Ethereum upgrades: an execution layer upgrade called Cancun and a consensus layer upgrade called Deneb.The testnet’s unusual name is not “hole-sky” but is named after a train station in the Czech Republic city of Prague. That station is often casually referred to as “Holešky.” Ackee Blockchain Security discovered that the testnet’s code contains an easter egg: the chain ID of the testnet, 17000, is also the area’s postal code.Before transitioning to crypto writing in 2018, Mike studied library and information sciences. Currently, he resides on Canada's West Coast.Jacob OliverJacob Oliver is a recovering academic and English teacher who went down the crypto rabbit hole in 2017 after recognizing the technology's potential.Latest ReportCryptoSlate's latest report dives deep into the U.S. government's decision to abandon the gold standard in 1971 and its far-reaching consequences, many of which are still unfolding today.Commitment to Transparency: The author of this article is invested and/or has an interest in one or more assets discussed in this post. CryptoSlate does not endorse any project or asset that may be mentioned or linked to in this article. Please take that into consideration when evaluating the content within this article.Disclaimer: Our writers' opinions are solely their own and do not reflect the opinion of CryptoSlate. None of the information you read on CryptoSlate should be taken as investment advice, nor does CryptoSlate endorse any project that may be mentioned or linked to in this article. Buying and trading cryptocurrencies should be considered a high-risk activity. Please do your own due diligence before taking any action related to content within this article. Finally, CryptoSlate takes no responsibility should you lose money trading cryptocurrencies.</div></body>

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Ethereum’s new ‘Holesky’ testnet to launch in September

In an Aug. 17 meeting, Ethereum developers discussed developments around a new testnet — named ‘Holesky’ — that is set to launch on Sept. 15. Parithosh Jayanthi, DevOps at the Ethereum Foundation, said that developers tested 1.4 million validators on the Holesky testnet and were able to finalize the network. Jayanthi said this is now recommended as the starting size for the testnet.