Holesky Testnet Officially Replaces Goerli for Ethereum Testing

Ethereum's Goerli testnet has been officially replaced by the new Holesky testnet, aimed at enhancing blockchain development for developers.

Jamie Bennett
Crypto Analyst
3 minutes min read
4,461
Holesky Testnet Officially Replaces Goerli for Ethereum Testing
Ethereum has launched its new Holesky testnet, replacing the previous Goerli testnet to support developers in testing smart contracts and applications. The Holesky testnet went live on September 15, 2023, unveiling a massive network with a genesis file featuring 1,460,000 validators. This represents Ethereum's largest public testnet to date, which could improve the testing process for those developing on the Ethereum platform. Barnabas Busa, a blockchain developer, announced the launch via social media, indicating a significant advancement for Ethereum’s testing environment. Holesky’s chain ID is 17000, a nod to the Czech neighborhood Holešovice. The overall aim of this upgrade is to enable a more dynamic testing environment, fostering innovation within the ecosystem.

Analysis

Market Sentiment

50% Bullish
Bearish Neutral Bullish

News Impact

7/10

Credibility: 8/10

Trading Recommendation

ETH
ETH
BUY

Entry Price

$2000

Confidence

70%

Stop Loss

$1950

Take Profit

$2100 - $2200

The news about the Holesky testnet is positive for Ethereum, indicating advancements in its ecosystem, which could drive price appreciation.