The Ethereum network is one of the most technologically advanced networks in the crypto market. This is one of several reasons why it is popular among crypto enthusiasts and grabs a lot of attention.
New and innovative technological advancements or upgrades have been introduced before. One of the most popular upgrades is EIP-1559, which is one of five Ethereum Improvement Proposals.
Now the next upgrade the network is eyeing is the ETH2.0 upgrade. As anticipated by the Ethereum enthusiasts, this upgrade is likely to improve the network significantly. However, the ETH2.0 upgrade has not been launched yet, instead a very crucial step has been completed successfully.
This key step is the merging of the Ropsten testnet with the Ethereum network. The details of this are mentioned below.
Meanwhile, if you are interested in buying the major altcoin, make sure you take a look at the Ethereum price prediction first and then know when to invest.
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Details About Merge with the Ropsten Testnet
The popular Ethereum network is proof-of-work (PoW) and is on its way to becoming a proof-of-stake (PoS) network.
The major difference between both these types of networks is that:
- PoW networks are validated by computational power and energy.
- PoS requires nodes that have staked crypto in the network to validate it.
As mentioned above, the merge of the Ethereum network with the Ropsten testnet was completed yesterday. This has brought the largest smart contract blockchain in the world closer to its transition to a proof-of-stake (PoS) network.
Ropsten is one of the oldest testnets of Ethereum and is a huge achievement for the ETH2.0 upgrade. As per reports, the PoW execution layer has been successfully merged with the PoS Beacon Chain.
The Ropsten testnet was one of the last testnets before the Ethereum mainnet merges with the Beacon Chain, which is anticipated to go live in August.
The conversion of ETH2.0 is anticipated to increase the efficiency of the network. It is also expected to positively impact the price of the ETH token.
ETH is currently trading at $1,803 (at the time of writing). Here is a graph by CoinMarketCap that shows the price movement of ETH over the last seven days.
If you are new to the crypto space and want to invest in the altcoin, make sure you choose the best crypto exchange to buy Ethereum.
Helpful Tips for New Crypto Investors
There are several aspects new crypto investors need to be familiar with before they start investing in a digital currency. The more information a novice investor has, the easier it can be for them to know what to purchase and which exchange to choose.
Therefore, people who are new to the crypto space should know and consider following the tips mentioned below.
- Monitor the price movement of a digital asset you want to buy.
- Know the right time to invest.
- Choose one of the lowest fees crypto exchanges that suit your needs and are secure.
- Initially invest only as much as you can afford to lose.
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