In a recent development in the world of Ethereum, a new decentralized autonomous organization (DAO) called GoerliDAO has proposed retaining the Goerli testnet as a Canary network.
The Goerli testnet, which has been used by developers worldwide, is set to be discontinued in Q4 2023, after which it will be replaced by the Holesovice testnet. However, GoerliDAO has suggested that the testnet’s impact on the community cannot be ignored and is proposing a solution to turn it into an official Ethereum Canary network.
Unlike testnets, Canary networks are mainly used to evaluate updates in a more risk-based way, similar to the main network before it is launched. GoerliDAO has explained that the popularity of Goerli makes it an ideal candidate to become an official Ethereum Canary network, bringing unique benefits to developers and users alike. The success of Kusama-Polkadot is cited as an example.
Last month, LayerZero introduced the Testnet Bridge, a bridge between the Ethereum mainnet and the Goerli testnet, enabling asset transfers between the two chains. This move by LayerZero sparked controversy as it inadvertently turned Goerli into a legitimate blockchain.
The key element that the Testnet Bridge brings is the elimination of the need to obtain gETH (Goerli’s test token) through faucets, which is time-consuming. Instead, users can directly swap ETH for gETH using Uniswap. Despite opposition to retaining the true nature of a testnet, the price of gETH has at times reached $1.60 due to increasing demand for its use.
GoerliDAO’s proposal to turn Goerli into an official Ethereum Canary network will be welcomed by many in the community who believe in the value of the testnet. The proposal will require broader community consensus, but it highlights the importance of Ethereum’s testnets and how they can be utilized in innovative ways to benefit developers and users.
#GoerliDAO #goerli #Ethereum #ETH #azcoinnews
This article was republished from azcoinnews.com