Ethereum's Holesky may be relaunched in September

Ethereum's Holesky may be relaunched in September

Developers Anticipate Relaunching of Ethereum's Holesky Testnet between Sept. 22 and Sept. 28 after configuration issues Are Resolved.

The deployment of Ethereum's new testnet, Holesky, has been halted by one to two weeks. On Sept. 15, nethermind, an Ethereum client team, tweeted that an execution layer misconfiguration was the cause of Holesky's failed launch.

Nethermind said its relaunch would likely take place in a week's time, hinting Holesky could go live as early as this Friday. Barnabus Busa, DevOps engineer for Ethereum Foundation, has released a GitHub pull request indicating that the relaunch will occur on September 28.

It's extremely likely that we relaunch the network with new genesis files and have the network up two weeks from now, Paritosh, an Ethereum foundation DevOps engineer, said in a statement.

Holesky is set to replace Ethereum's Goerli testnet, which is scheduled to be deprecated next year. Goerli has faced a shortage of its network token, Goerli ETH, since 2022, with developers resorting to purchasing GETH on the open market just to experiment with their code.

The testnet token is freely distributed through faucets, but rocketing demand and network activity led to a market for the token. GETH was changing hands for $0.69 on February 28 and driven more than $1.5M in daily trade volume, drawing criticism from the Ethereum community. CryptoGecko notes that GETH last traded for $0.04 a share.

In a week's blog, Ethereum developers decided to use 1.6B Holesky ETH tokens for the new testnet after determining that the network could support 1.4M validators. Holesky is to be operated until 2028.