LayerZero Revolutionizes ETH To Goerli-ETH Exchange With Testnet Bridge

Testnet Bridge allows users to purchase Goerli-ETH with $ETH through a liquidity pool deployed on the main and Goerli test networks. With the cross-chain bridge, users can swap their $ETH on the mainnet for Goerli-ETH and vice versa. The product has received positive feedback and strong opposition from the Ethereum community, particularly Ethereum developers.

Public Goods by LayerZero

We’re excited to introduce the Testnet Bridge as the first of several tools we launch for the Ethereum developer community.

Cliffs: Get Goerli-ETH quickly, easily, and begin testing ASAP without camping faucets or feeling stranded pic.twitter.com/CTxZFxwgvF

— LayerZero Labs (@LayerZero_Labs) February 21, 2023

LayerZero’s Testnet Bridge creates a marketplace where users can purchase Goerli-ETH using $ETH, giving value to the Goerli-ETH currency, initially priced at $0.1.

This allows Ethereum developers to obtain Goerli-ETH on the testnet without having to rely on Goerli faucets. LayerZero has deployed a liquidity pool on the main network (ETH / Goerli-ETH) and the Goerli test network (Goerli-ETH / Mainnet-ETH) so users can easily swap between the two currencies.

However, Gregory Markou, the co-founder of ChainSafe and former member of Eth Core Dev, disagrees with LayerZero’s claim that the Testnet Bridge is in the public interest. According to Markou, “This is not good for the public good, it is harmful. Ethereum does not have a canary network, and this is to create value on a network that lacks a well-thought-out economic system.”

This is not a public good.

This is harmful.

Ethereum does not have a canary network, and you’re creating value on a network that hasn’t had thoughtful economics.

The largest holders of Goerli (myself included) have been against markets for a reason.

Testing should be free https://t.co/bjGUpcxL1O

— Greg | DON’T SELL GOERLI (@gregthegreek) February 21, 2023

In the comment section, some developers expressed frustration with the time-consuming and labor-intensive process of obtaining Goerli-ETH through the faucet and indicated a willingness to purchase more testnet tokens if needed.

However, Gregory Markou disagrees with the need for application developers to have a lot of Goerli-ETH, citing an Ethereum Foundation video recommending the use of Sepolia for testing applications instead of Goerli. Ethereum Foundation developer parties also agrees with this sentiment, stating, “Please don’t (buy Goerli-ETH). Use Sepolia instead!”

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