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Ethereum Merge Pushed Back to Fall
Summary: Ethereum core developer, Tim Beiko, said the network’s highly anticipated shift from proof-of-work (PoW) to proof-of-stake (PoS) will come closer to Q3 than June. Beiko tweeted in response to a question about the release, “It won't be June, but likely in the few months after. No firm date yet, but we're definitely in the final ...
Ethereum core developer, Tim Beiko, said the network’s highly anticipated shift from proof-of-work (PoW) to proof-of-stake (PoS) will come closer to Q3 than June.
Beiko tweeted in response to a question about the release, “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.”
In Ethereum’s current system, transactions are achieved and validated using powerful computing hardware and lots of energy causing politicians and companies to voice their indignation. The Merge or the update will switch to a PoS system which is believed to be 99.95% more energy-efficient, a 2,000x improvement.
For an even more comprehensive breakdown of the Merge, read BitPush’s thorough investigation.
Beiko’s tweet comes after the Monday launch of Ethereum’s first mainnet shadow fork. Ethereum developer Parithosh Jayanthi tweeted the news and said that the shadow fork will share data with the main Ethereum network, so some transactions could appear on both networks.
Author: Tyler Irvin
