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The global crypto market cap is $1.05 trillion with a 24-hour volume of $16.57 billion. The price of Bitcoin is $26,508.27 and BTC market dominance is 49.0%. The price of Ethereum is $1,625.91 and ETH market dominance is 18.5%. The best performing cryptoasset sector is eCommerce, which gained 12%.
The next launch attempt could took place as early Sept. 22 or as late as Sept. 28.
Cover art/illustration via CryptoSlate
Ethereum’s Holesky testnet experienced an error that will require another launch attempt, community members and developers said on Sept. 15.
Ethereum researcher Diederik Loerakker, aka protolambda, wrote that one developer entered certain data in the wrong part of the network’s genesis files. He said:
“Someone put 0x686f77206d7563682069732074686520666973683f (“how much is the fish?”) as extra-data in the EL Holesky genesis.json, and not in the CL genesis.ssz.”
This resulted in a misconfiguration that caused the testnet to fail to launch, according to Loerakker. He added that other fork parameters are “rumored to mismatch” but did not provide further details of those issues.
Loerakker added that Holesky did not experience issues related to network size, something that was considered before launch. In August, developers determined that Holesky could handle 1.4 million validators. In response, they introduced a large amount of Holesky ETH, amounting to 1.6 billion tokens.
Though developers will soon relaunch Holesky, the exact date of that event is still unclear. Nethermind, an Ethereum research and engineering group, said developers will relaunch Holesky in one week. That seemingly places the next attempt on Sept. 22.
Meanwhile, Ethereum contributor and Sigma Prime member Michael Sproul has suggested in a GitHub pull request that Holesky should be relaunched on Sept. 28. That date is nearly two weeks later than the network’s first launch attempt.
Regardless of delays, the issue does not affect Ethereum’s mainnet, which is responsible for transactions with real value. Beaconchain.eth acknowledged this, writing that the Holesky launch “didn’t go as expected, but that’s what testnets are here for.”
According to Ethereum documentation, Holesky will supersede Ethereum’s Goerli testnet. Both testnets are intended for testing related to staking, validating, and core network upgrades. Another testnet called Sepolia, which is aimed at independent developers who want to test their own Ethereum-based apps, also exists.
Each of these testnets relies on special testnet ETH that is freely available through faucets and which generally has no real market value.
Before transitioning to crypto writing in 2018, Mike studied library and information sciences. Currently, he resides on Canada’s West Coast.
CryptoSlate is a comprehensive and contextualized source for crypto news, insights, and data. Focusing on Bitcoin, macro, DeFi and AI.
Disclaimer: Our writers’ opinions are solely their own and do not reflect the opinion of CryptoSlate. None of the information you read on CryptoSlate should be taken as investment advice, nor does CryptoSlate endorse any project that may be mentioned or linked to in this article. Buying and trading cryptocurrencies should be considered a high-risk activity. Please do your own due diligence before taking any action related to content within this article. Finally, CryptoSlate takes no responsibility should you lose money trading cryptocurrencies.
Ethereum is a decentralized, open-source blockchain platform that enables the creation of smart contracts and decentralized applications (DApps).
The next launch attempt could took place as early Sept. 22 or as late as Sept. 28.
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