Ethereum launches new testnet 'Holešky' and allocates 1.6B ETH for web 3.0 developers.
Ethereum launches new testnet ‘Holešky,’ allocates 1.6B ETH for devs

Holešky Testnet Launched By Ethereum Developers

On Sept. 15, Ethereum developers launched a new testnet called “Holešky”, which is expected to be used for staking, infrastructure and protocol development. An initial supply of 1.6 billion Holešky testnet Ether (HETH) will be allocated to validators on Holešky’s launch day to bootstrap the network into operation, according to Ethereum developer Tim Beiko. This represents 10 times the amount of Ether (ETH) present on mainnet. Sepolia, the web 3.0 platform, will remain the dominant network for application development.

Prior to the launch of Holešky, the Goerli testnet was used to test new staking, infrastructure and protocol developments. However, protocol developers started to complain that Goerli had too low of a supply of Goerli ETH to handle testing needs. Therefore, Holešky was created in order to alleviate this problem.

Since Sepolia was launched in 2021, the Ethereum team has been encouraging application developers to move from Goerli to Sepolia. The team plans to deprecate Goerli in January 2024. After deprecation, Goerli will be maintained for another year, and then shut down entirely.

Holešky could see a lot of use, as Ethereum devs have an ambitious roadmap ahead of them. They intend to implement proto-danksharding, danksharding and other features they believe will reduce fees, as well as features like Verkle trees, which are intended to make running a node less expensive. Web 3.0, also known as the Tim Berners Lee web 3.0, could be used to trial these features on a testnet before their implementation on mainnet, with the aim of reducing crypto fees and making crypto day trading easier.

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