The Ethereum team executed a final test ahead of the merge event, after which the network will move to the Proof-of-Stake consensus mechanism.
The upgrade is supposed to scale Ethereum and consume less energy than Proof-of-Work. Ethereum core developer and researcher Ansgar Dietrichs announced that the Prater/Goerli testnet is done and it is a new success. The Merge is expected to take place in mid-September. However, the exact timing will be discussed at a meeting of developers.
The most relevant testnet merge success metric imo is time-to-finalization. And Prater/Goerli finalized just now (still some hiccups), so I‘d call it another successful test.— ansgar.eth 🦇🔊 (@adietrichs) August 11, 2022
Due to testnets, developers are able to try out new functions and make necessary changes before the updates are executed.
Goerli is one of the post-merge-supported testnets. According to a blog post by the Ethereum Foundation, Goerli allows stakers to test network upgrades, and developers can test complex smart contract interactions. Currently, Ether trades at above $1800. In the last 24 hours, its price increased by around 15%.