Creators of Ethereum 2.0 Launch Kintsugi Testnet
Main page Technologies, Ethereum, Blockchain, Cryptocurrency
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Dec. 21, 2021

The Ethereum developers have just launched a test network for Ethereum 2.0 called Kintsugi. According to the official announcement, blockchain enthusiasts can already test the network through an RPC proxy. In addition, to interact with the network, the developers have created a set of other tools, including a block explorer, a network statistics monitor, a distributor of the test crypto ETH, and more.

Creators of Ethereum 2.0 Launch Kintsugi Testnet

According to Ethereum Foundation community manager Tim Beiko, the proof-of-stake network offers the community the opportunity to experiment with the type of Ethereum the network will receive after moving to the proof-of-stake consensus algorithm. After Kintsugi, the developers intend to implement several additional test networks, and only then will the final migration process from Ethereum to Ethereum 2.0 begin.

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In October, Dmitri Tsumak, co-founder of the Ethereum 2.0 staking service Stake Wise, discovered a vulnerability in the Rocket Pool and Lido protocols that could lead to the theft of user funds. Rocket Pool and Lido Finance have confirmed the information.

Later, the Lido Finance team said around 20,000 ETH (about $71.5 million at the time) were under threat. It later turned out that the vulnerability allows validators or node operators to appropriate user funds, which turned out to be a flaw in the registration mechanism in the Ethereum 2.0 network.

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