ETH Co-Founder Vitalik Buterin Says The Merge Could Happen in August, There’s Also ‘Risk of Delay’

Share This Post

ETH Co-Founder Vitalik Buterin Says The Merge Could Happen in August, There's Also 'Risk of Delay'

Following the statements from Ethereum developer Preston Van Loon at the Permissionless conference, Ethereum co-founder Vitalik Buterin has further confirmed The Merge will likely happen in August. Buterin noted, however, that it’s quite possible there’s still a risk of delay, and The Merge could happen in September or October 2022.

The Merge Could Happen in August, Buterin Says

Just recently, Vitalik Buterin spoke at the ETH Shanghai Web 3.0 Developer Summit and Ethereum’s co-founder discussed the highly-anticipated proof-of-stake (PoS) transition. The Merge is scheduled to go live on Ethereum’s testnet Ropsten in 18 days on June 8, 2022.

During the ETH Shanghai Summit, Buterin explained that the transition will be a major test for the entire Ethereum ecosystem. “This will be a major test, larger than any of the tests that we have done before,” Buterin stressed. “Taking a large existing test network with many applications with proof-of-work, moving into proof-of-stake.”

  • Furthermore, Buterin confirmed that The Merge may be implemented by August, as ETH software developer Preston Van Loon had said the same at the Permissionless conference. However, while Buterin did mention the month of August, he also eluded to delays.
  • “If there are no problems then the merge will happen in August,” the Ethereum co-founder said. “But of course, there’s always a risk of problems. There’s also a risk of delays. And so September is possible and October is possible as well,” Buterin added.
  • Meanwhile, The Merge is the first of Ethereum’s major upgrades following the London upgrade, which implemented ETH’s burn mechanism. Following The Merge, Ethereum will implement The Surge, The Verge, The Purge, and finally The Splurge.
  • The Surge aims to help improve scaling by leveraging zero-knowledge rollups (ZK-rollups) via sharding techniques. Ethereum’s The Verge transition will apply Verkle trees in order to achieve statelessness by using the Merkle proof upgrade.
  • The Purge will add an EVM simplification track and eliminate historical data and technical debt, according to the Ethereum roadmap. Finally, The Splurge revolves around “Miscellaneous but important extras.”
  • Buterin also talked about The Surge and noted that after these two upgrades (Merge & Surge), Ethereum will be “a great system.”

What do you think about Vitalik Buterin’s comments about The Merge and the Ethereum roadmap? Let us know what you think about this subject in the comments section below.

Read Entire Article
spot_img
- Advertisement -spot_img

Related Posts

Solana Could ‘Go Parabolic’ Starting Today – Analyst Sets $370 Target

Solana (SOL) has finally broken above the $160 resistance, a critical level that has held the price down since early August This breakout signals a confirmed uptrend, sparking excitement among

Bitcoin Price Corrects Some Gains: A Pause Before the Next Move?

Bitcoin price extended gains above the $69,200 resistance zone BTC is now correcting gains and trading near the $67,500 pivot level Bitcoin struggled to test the $70,000 resistance zone and corrected

Tesla CEO Elon Musk Highlights XRP and Crypto Potential Amid Regulatory Heat

Tesla and Spacex CEO Elon Musk addressed XRP and cryptocurrency during a town hall in Pittsburgh, acknowledging crypto’s potential amid regulatory scrutiny Musk emphasized that cryptocurrency

Critical Bitcoin Indicator Flips Bullish – On-Chain Data Confirms BTC Uptrend

Bitcoin has surged above $69,000, marking a significant milestone after two weeks of impressive gains Since October 10, the price has increased by over 17%, positioning itself to test the previous

Crypto Investment Products See Record $2.2 Billion Inflows—Is The Bull Run Here?

The latest weekly digital asset fund flow report from CoinShares has revealed that last week, crypto asset investment products saw roughly $22 billion in net inflows globally, marking the largest

BRICS Unites 40 Nations at Leaders’ Summit — Russia Pushes for Global Partnerships

Nearly 40 countries will participate in the BRICS Plus/Outreach session, expanding the reach of the 2024 BRICS Summit hosted by Russia The summit will address cooperation in politics, security, and