Buy Crypto
Pay with
Markets
NFT
Feed
USD
Flash news
copy link
create picture
more

SKALE Network (SKL) Prepares for The Merge with ETH 2.0 Testnet

Binance
2022-09-13 08:48
Full disclaimer: This platform includes third party opinions. We do not endorse their accuracy. Digital asset prices can be volatile. Do your own research.See full terms here.
According to the SKALE Network's official blog, to support the SKALE network and the broader community, SKALE Labs is planning to support The Merge and has no plans to support any forks.
The Merge will make Ethereum more secure, reduce energy usage by 99.9%, and make it easier to implement scaling solutions like SKALE, which will be needed to get billions of consumers onboarded to Web3.
The SKALE community has been preparing for ETH 2.0 for some time, such as operating an ETH 2.0 testnet, both internally with the core team and with external validators. The testing has been running smoothly as they approach the Merge, which is an essential component for future success.
More importantly, the community continues to stay up-to-date on the latest updates to ETH 2.0, and the execution of the planned path to update SKALE validators is ongoing.
SKALE Network will continually ensure the networks are stable and safe to use. Although they don't anticipate any disruptions before and throughout the merger process, they already have resources and strategies to react quickly should there be any issues.
Following the successful ETH Merge, ETH 2.0, SKALE Network and its 20+ SKALE Chains had no downtime and are operating as normal. While ETH 2.0 made Ethereum more secure and reduced energy usage, what it did not do was expand network capacity, lower ETH gas fees, or boost speed.
SKALE Network (SKL) is a scaling solution that offers zero gas fees and instant finality.
Last Updated on 10 October, 2022
View full text