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A big new step has just been taken in the transition to Ethereum 2.0! The merge testnet will run next June 8th.
What is it about?
Soon, the Ethereum blockchain consensus, previously based on Proof of Work (PoW), will move to Proof of Stake (PoS). This transition happens through Join the current main network with the flagship PoS chain (Beacon chain). This operation, dubbed “Merge”, marks the final stage of the transition to Ethereum 2.0.
The merger will spell the end of Ethereum PoW and open the door to a more prosperous and sustainable future for the blockchain. The Merge “Ropsten” test network will take place on 8 June.
The passage of “Merge” in the main network of delay
The announcement of The Merge’s core network release was highly anticipated last month, but to no avail. Ethereum has actually announced that this will happen next June. However, the Ethereum developers have announced that this problem is imminent. great progress which makes up The Merge’s test network.
Developer Tim Beiko has announced that The Merge mainnet is finally live. at the end of the year. According to him: “It won’t be in June, but probably in the coming months. There is no precise date yet, but we are definitely in the final chapter of PoW on Ethereum. “.
This announcement caused a stir in the Ethereum community. Based on the code review and current test nodes, the pool operator, who wishes to remain anonymous, has estimated that The Merge mainnet launch will take place on early 2023. Some observers, including Evan Van Ness, founder of Week in Ethereum News, argue that the merger will be positive for the core network in 2022. His testnet announcement on June 8 tends to confirm this hypothesis.
Evan Van Ness also explains that the merger was delayed by design, not strength. According to the latter, the transition to PoS requires an agreement with the “bomb”, difficult to predict given the volatility of the hashrate and the price of ETH. “Bomb” refers to a process that makes exploration increasingly boring and less profitable. it is one transition phase seeks to remove miners from the network to replace them with validators as part of the PoS process.
Therefore, The Merge will likely launch in the third or fourth quarter of 2022, barring any critical bugs. Nothing is final until this confirmation. The fact remains that we are at the dawn of a new era for Ethereum. Don’t miss this opportunity to buy Ethereum. For this we recommend the Capital.com platform.