Why did Ethereum need to be switched to the testing network (why did Ethereum withdrawal not go all the way to the account card)

08/05/2023 22:33 • Blockchain Briefs • 88 views

Why does Ethereum need to be switched to the testing network? Why does Ethereum need to be switched to the testing network

I. What is a test network

In the early stage of Ethereum 2.0, users can verify through running nodes. However, in the subsequent network, there were some security issues and other reasons that led to transaction failures. Therefore, it is necessary to test the network to ensure that the system can function normally. But if any uncertain factors occur, then it is impossible to upgrade and maintain the network, as this process will consume a lot of energy and labor costs, and even cause serious burdens: once this situation occurs, the network may be attacked. This means that Ether must be transferred from the main chain first, and then deployed to the new block chain

Secondly, how to maintain stability of Ethereum

Based on the development plan of Ethereum

（ https://etherscan.io/tx/0xc4b9e5d7c0a6f8ba2fb1cbdf56be90ce3da8825af ）Display:

1. When the ETH price drops to 0.01 US dollars, it will be packaged at block height 148888 When the price of ETH exceeds 0.02 US dollars, it will re-enter the testing network When ETH reaches a certain level, it will return to the original address again When ETH reaches a certain level, it will automatically recover The fifth condition is that if a miner decides to participate in the Difficulty Adjustment Plan (DAA) with new mining computing power As the implementation date of EIP-1559 approaches, in order to make it easier for more people to benefit, developers have started creating a new sharding protocol based on the PoW consensus mechanism and introducing a new Proof of Rights Consensus Algorithm (POS), which can provide additional incentive measures for each client to improve security and decentralization In addition, this proposal has also received enthusiastic discussion from the community. Some people believe that it is a good solution to solve the low performance of Ethereum, while others believe that it is only a technical improvement

Why hasn’t the withdrawal of Ether been on the account card all the time

According to the bitinfocharts data, at present there are about 50000 Ether in the exchange, while the withdrawal amount of other mainstream Ethereum wallets (ETH, ERC20 tokens) is only 0.0005ETH But due to the failure of the account card to arrive, the Ether withdrawal has not been able to reach the account card? Why not just scan the code on your phone to complete Ethereum recharge and withdrawal?

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