While tokens on the testnets are designed to have no real-world value, the price of the testnet ether of the Goerli has seen significant fluctuation.
The Goerli testnet is a popular cross-client proof-of-authority testing network for Ethereum but is otherwise an entirely separate entity from the Ethereum ledger. It was established in March 2019. Tests are being run on applications before their final deployment on the mainnet.
Goerli’s distribution method for native ETH has been a major bone of contention since its distribution is primarily in the hands of a few validator entities. They distribute a small amount of GoETH. The traditional approach uses services called faucets to gain testnet tokens, which is deemed inconvenient by many.In response, a cross-chain platform LayerZero designed a way for Goerli’s testnet ether to be traded and swapped between the Ethereum mainnet and the testnet.
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