The Good Tech Companies - Join Morph’s Revolution With The Launch Of Holesky Testnet

Episode Date: May 7, 2024

This story was originally published on HackerNoon at: https://hackernoon.com/join-morphs-revolution-with-the-launch-of-holesky-testnet. The launch of the Holesky Testnet with its enhanced capabilities is a crucial step towards realizing this vision, bridging the gap between sophisticated technol Check more stories related to web3 at: https://hackernoon.com/c/web3. You can also check exclusive content about #web3, #morph, #btcwire, #press-release, #morph-announcement, #layer-2-rollups, #evm-compatibility, #good-company, and more. This story was written by: @btcwire. Learn more about this writer by checking @btcwire's about page, and for more stories, please visit hackernoon.com.

This audio is presented by Hacker Noon, where anyone can learn anything about any technology. Join Morph's revolution with the launch of Holesky Testnet by BTC Wire. Morph, an Ethereum Layer 2 leading a consumer blockchain revolution, has announced the launch of its latest advancement, its Holesky Testnet. This new development comes on the heels of their successful Morph Sepolia Testnet and introduces a highly anticipated platform that showcases significant improvements in blockchain infrastructure and application. Already known for its commitment to consumer-centric solutions, Morph stands as a unique player in the space by focusing on real-world utility over the often speculative nature of

many blockchain applications. Unlike traditional platforms that prioritize DeFi and trading, Morph aims to pro-veed services that people can use daily, making blockchain technology an integral part of everyday life. The launch of the Holesky testnet with its enhanced capabilities is a crucial step towards realizing this vision, bridging the gap between sophisticated technology and practical, everyday applications. Key features and innovations of the Morph HOLESKY testnet. Enhanced performance and infrastructure. The HOLESKY testnet operates using Ethereum HOLESKY as layer 1, elevating standards for performance and aligning closely with the infrastructure

of the anticipated mainnet. This transition promises users a seamless and advanced preview of what to expect with the full launch. Advanced features EIP-4844 optimistic ZKEVM integration. This integration significantly reduces transaction costs, making blockchain operations more efficient. Revamped bridge mechanism. The updated bridge mechanism now allows for withdrawals to be finalized in just one transaction, enhancing the user experience. Robust decentralized sequencer network. With fully decentralized modules and an increased number of sequencers, the network's backbone is stronger than ever, ensuring unparalleled

reliability and security. Economic system INnovations The testnet introduces a novel economic model centered around a decentralized sequencer network, positioning Morph to set new market trends and standards. Impact on the Morph community For testnet users, prior contributions to the Sepolia testnet are well-recorded. Users are now encouraged to transition to the Holesky testnet to benefit from lower fees and superior functionality. For developers, Morph recommends migrating contracts from the Sepolia to the Holesky testnet. Detailed guidance on this process can be found here. The Explorer is

accessible for tracking deployments and interactions at Holesky Testnet Explorer. Engaging with Morph's new testnet, developers new to Morph's platform can quickly get up to speed through the comprehensive documentation available. For those already familiar with the Sepolia testnet, the core steps to engage with Holesky remain consistent. Start by deep diving into Morph's technology on the About Morph page, then understand the inner workings of Morph's infrastructure, and start the development journey with a quick start guide. For more, review comprehensive developer documentation to build innovative blockchain applications. Morph invites the global tech community to join in this revolutionary phase.

This new testnet is a significant leap towards realizing a consumer-centric blockchain ecosystem that promises to redefine interaction with technology. About Morph Morph is a fully permissionless EVML2 that uses a combination of optimistic and zero-knowledge roll-up technology to enable limitless possibilities in finance, gaming, social media, and entertainment. Morph is the first Layer 2 on Ethereum to launch with a decentralized sequencer, aligning it with several core principles of Web3, decentralization, censorship resistance, and security. The blockchain was built with mainstream audiences like gamers and social media users in mind making it a user-friendly option for developers who require

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