On August 17, Ethereum Foundation held a pivotal meeting to discuss developments around a new testnet, Holesky, that is launching on 15th September. The launch of the new testnet offers to initiate a new stage of experimentation and progress within the Ethereum ecosystem.
The testnet has a unique name, not “Hole-sky,” but it comes from a train station in Prague, Czech Republic. People casually call this station “Holešky.” Ackee Blockchain Security found something interesting in the testnet’s code: the code number, 17000, is the same as the area’s postal code.
Parithosh Jayanthi, the DevOps expert at the Ethereum Foundation, said that the development team had conducted all tests involving an astounding 1.4 million validators on the Holesky testnet.
This hard work helped make the network stable and reliable. Jayanthi said that this big achievement would be the starting point for the Holesky testnet’s size. This shows that Ethereum is serious about making its technology handle lots of things and work better.
At the center of the discussions was the task of determining how many testnet tokens should be integrated into the Holesky testnet. Ultimately they decided against introducing a 1.6 billion Holesky into circulation. Developers opted not to decrease the supply of 120 million ETH on the Ethereum mainnet.
The testnet is scheduled to remain operational for an extended duration, offering Long-Term Service (LTS) support until 2027, followed by an End-of-Life (EOL) phase that stretches until 2028.
The Holseky would probably replace Ethereum’s Goerli testnet, introduced in 2019, transitioning from proof-of-work to proof-of-stake. Both Goerli and Holesky, in addition to the established Ethereum mainnet, operate as proof-of-stake networks. However, it’s crucial to understand that, unlike the Ethereum mainnet, these two testnets don’t use ETH tokens that hold real-world market value.