Ethereum's new testnet Holesky may be relaunched by September 28

Ethereum's new testnet Holesky may be relaunched by September 28

Developers Anticipate Relaunching 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 delayed by one to two weeks. On September 15, Nethermind, an Ethereum client team, tweeted that an execution layer misconfiguration was the cause of Holesky's failed launch.

Nethermind said a relaunch would probably take place in one week's time, which Holesky could go live as early as this Friday. Barnabus Busa, DevOps engineer for Ethereum Foundation, published a GitHub pull request that suggests that the relaunch will take place 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, according to Paritosh, an Ethereum startup DevOps engineer.

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

The value of GETH can be traded freely via faucets, but rocketing demand and network activity resulted in a market for the testnet token. GETH was changing hands for $0.69 on Feb. 28 and drove more than $1.5M in daily trade volume, drawing criticism from the Ethereum community. Bitcoin's value was last traded for $0.04 yesterday, according to CoinGecko.

Last month, Ethereum developers decided to mint 1.6B Holesky ETH tokens for the new testnet, considering the network could support 1.4M validators. Holesky will operate until 2028, according to the company.