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Ethereum core developers have come up with plans for a new testnet. According to the proposal, this project is called Holli. The project is geared toward addressing the issues on the Ethereum blockchain related to its primary testnet networks. The details about the project have been shared by the head of the Ethereum Foundation, Tim Beiko.
Holli is expected to go live by the end of this year. At present, devs are working on adding new features to the test net.
These features are going to make adoption for its clients and node operators easier than before. This new project is also going to address the current challenges related to Ethereum supply on Goerli.
Test networks are clone blockchain environments that allow blockchain developers to mock-run their projects before the main launch. These environments are necessary for debugging and conducting technical audits.
If the testnet Holli is completed successfully, the project will join the two existing testnets on Ethereum, namely Goerli and Sepholia.
Goerli is usually under the use of Ethereum validators. However, its distribution model for the native currency called GoETH has been marked down to have some technical lags.
On the testnet, the distribution is administered by only a limited amount of validators, as per Beiko. Therefore, they can issue GoETH in faucets to users who complete Twitter verification checks.
New Testnet will Address Issues Faced by Ethereum Network
Goerli has recently onboarded a new Layer Zero cross-chain liquidity pool which allows investors to acquire GoETH.
However, the developers have taken up an issue about using GoETH for trading as it hinders the neutrality of the testnet. Sepolia is reported to suffer from the limitation of minting ability for validators.
However, the second testnet is still reserved for permitted validators only. Therefore, Beiko and other core developers have introduced a new testnet Holli that will address the supply issues and create a better testing environment for developers and node validators. He has suggested ingraining automatic allocations on Holli for addresses with smart contracts.
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