Ethereum dev reveals date for ‘Merge’ testnet

Share This Post

In a significant breakthrough for Ethereum, the Ropsten public testnet is scheduled for the “Merge” next month.

The “Merge” refers to merging the current Proof-of-Work (PoW) chain with the beacon chain Proof-of-Stake (PoS) system. It signals an end to PoW on Ethereum, leading to a new, more scalable, sustainable, and environmentally friendly future.

According to Core Dev @preston_vanloon, the rollout is scheduled for June 8.

Ethereum

Ethereum devs previously said the mainnet Merge would happen in June, but in April, dev Tim Beiko announced on Twitter that the upgrade is being delayed to late 2022.

“It won’t be June, but likely in the few months after. No firm date yet, but we’re definitely in the final chapter of PoW on Ethereum.”

Beiko’s announcement was met with debate amongst the Ethereum community about when the Merge would happen. Based on code review and running test nodes, an unnamed pool operator gave a guestimate of early 2023.

Others — including the founder of Week in Ethereum News, Evan Van Ness — said the Merge was off schedule rather than delayed. Van Ness said switching over to PoS requires coordinating with “the bomb,” which is notoriously difficult to predict due to the volatile nature of hashrate and price.

The bomb refers to a process that makes mining progressively more challenging and more unprofitable over time. It is considered a transition phase to ween miners off the network to be replaced by validators under a PoS system.

All systems go

Van Ness added that the delay, which isn’t a delay, will be several weeks and not early 2023 as some had predicted. Given that the testnet Merge is scheduled for June 8, Van Ness’ call was proven accurate.

According to Van Loon, the testnet is a significant step forward to the mainnet Merge later this year.

“Merging Ropsten is a huge testing milestone towards Ethereum’s mainnet merge later this year.

Barring the discovery of critical bugs, the Merge will finally roll out in Q3/Q4. But no firm date is known at this time.

The post Ethereum dev reveals date for ‘Merge’ testnet appeared first on CryptoSlate.

Read Entire Article
spot_img
- Advertisement -spot_img

Related Posts

Ripple At A Critical Juncture Like Amazon In 1997, Says Investment Pro

Ripple Labs is approaching a pivotal turning point with a potential initial public offering (IPO), a development that has been speculated about for some time An IPO could be a transformative moment

Bitcoin option interest reaches all-time high of $40 billion across all exchanges

Bitcoin’s open interest has surpassed $40 billion for the first time, according to data from Coinglass Total open interest reached 593,020 BTC, equivalent to $4065 billion, marking a new high

Ethereum (ETH) or Solana (SOL) which one to pick for the AltSeason?

The post Ethereum (ETH) or Solana (SOL) which one to pick for the AltSeason appeared first on Coinpedia Fintech News The Bitcoin price has held its value above the $69,000 level Following this,

New Hampshire AG Joins Calls to Designate Jailed Ex-Federal Agent as Hostage

New Hampshire Attorney General John M Formella and 17 other state attorneys general are urging the Biden Administration to designate Tigran Gambaryan, a detained US citizen, as a hostage The AGs

Ripple News: XRP Price Remains at $0.55 While Wallet Activity Surges to 35,799!

The post Ripple News: XRP Price Remains at $055 While Wallet Activity Surges to 35,799! appeared first on Coinpedia Fintech News XRP may not be shining in terms of price, but activity on the XRP

Crypto Tax Reform On The Horizon? Japan’s Tamaki Pledges Change If Elected

The crypto industry is buzzing this year, not just because of new memes, coin pumping, or Bitcoin leading another bull run It’s now a hotly debated election issue, dividing the electorate and