• GoerliDAO, a decentralized autonomous organization, is advocating for keeping the Ethereum Goerli test network active.
• GoerliDAO hopes to use goerli ether (gETH) to incentivize activity on the network.
• This would create a canary network closely resembling the mainnet and pave the way for future innovation in decentralized finance.
Goerli Test Network Could Become Ethereum’s Canary Network
The future of the Ethereum Goerli test network remains uncertain, but a little-known Ethereum community is rallying behind the network in the hope that a solution can be found to keep it going. GoerliDAO, a decentralized autonomous organization, is making the case to continue Goerli as an active blockchain network and using goerli ether (gETH) to incentivize activity on the network.
Advantages of Incentivized Canary Networks
An incentivized canary network like Goerli offers unique advantages to builders and users alike, and the concept has seen success on many blockchains – most notably with Kusama in relation to Polkadot. The preservation of Goerli as a canary network will not only fill a crucial need within the Ethereum ecosystem but also pave the way for future innovation and incentivization in the world of decentralized finance.
What Are Testnets?
Testnets are testing environments that mimic real-world blockchain usage, allowing developers to find and patch critical bugs for upcoming products or features meant to be deployed on a blockchain’s main, or live, network. Much of the testing of Ethereum’s major upgrades such as The Merge have been conducted on Goerli; thus keeping such testing environments alive is what those behind GoeriDAO are advocating for.
What Is A Canary Network?
A canary network is an independent chain that emulates most or all features of its corresponding mainchain; it serves as an environment where new updates and products can be tested out before they get released onto mainnet – thus providing an additional layer of security when deploying new code onto production networks.
The creation of an incentivized canary network like Goerli could provide numerous benefits both builders and users alike by better enabling secure deployment onto production networks; furthermore it could also open up opportunities for greater innovation within Decentralised Finance ecosystems like Ethereum’s own DeFi platforms in order ensure their stability & longevity into the future.