Good news for those looking forward to The Merge. The long-awaited transition of the Ethereum (ETH) network from proof-of-work (PoW) to proof-of-stake (PoS) will take place on September 19th. Pending the update of the main network, Goerli’s test network is expected to work on its own on 11 August.
A date for the Ethereum update
The members of theEthereum Foundation they seem to have agreed on important future dates regarding the future of the Ethereum (ETH) blockchain.
According to a recently established timetable, proposed by surfacecommunity manager of the Headlight chainthe expected update ” The merger ” it should be released on the main network on 19 September.
This union timeline isn’t final, but it’s extremely exciting to see it come together. Please consider this as a planning timeline and pay attention to the official announcements! https://t.co/ttutBceZ21 pic.twitter.com/MY8VFOv0SI
– superphiz.eth 🦇🔊🐼 (@superphiz) July 14, 2022
“This program for The Merge is not final, but it is extremely exciting to see it reunite. Please consider this as a planning timeline and wait for official announcements! “
Recall that The Merge constitutes the total migration of Ethereum from proof of work (PoW) the participation test (PoS) provided by Beacon Chain.
Second interesting announcement, which concerns an earlier date: the Merge update could be applied to the Goerli testnet on 11 August. This is a very important date, Goerli is the last big step before the final migration.
By the way, as specified in the screenshot, the mainnet update will be applied on the given date if ” The Goerli merger does not explode “.
Note that these dates are not engraved in stone, and that this is an indicative timetable.
👉 To understand everything: what is proof of stake or proof-of-stake (PoS)?
Exchange no. 1 in the world – Regulated in France
-10% discount on fares with the code SVULQ98B 🔥
The positive and the less good signs
Latest good news for the Ethereum blockchain: the 9th fork of shadow, carried out on July 14, was successfully completed. A shadow fork is to evaluate the impact of some new features on the core network.
In this case, the goal was to test the Miner Extractable Value (MEV) to see how validators would be rewarded (which will replace the miners) of the network once the update is made.
Previously, on June 9, Ropsten’s testnet had migrated to proof-of-stake and it happened without major problems. This is also great news, as is the Ropsten network closest to the Ethereum mainnet in the facility.
On the other hand, some have expressed doubts about this new date of 19 September, in particular because of the recent update of Gray Glacier, which serves to restore the 100-day difficulty bomb. Currently, the latter is postponed to October 2022.
The difficulty bomb is used to trick miners to redirect to the via validation process making the difficulty of extraction extremely difficult.
Ether (ETH) show today a course at 1263 dollarswhich is an increase of 2.2% in the last 24 hours. Significantly more than Bitcoin (BTC), which only rose 0.2% over the same period.
👉Read also: StarkWare announces the StarkNet token, with an airdrop scheduled for 2023
published by editions Larousse
Get a cryptocurrency news summary every Sunday 👌 And that’s it.