During the Eth Shanghai Summit, the co-founder of Ethereum, Vitalik Buterin рекао the long-awaited Ethereum merge (POW to POS) is likely to happen in the summer of August. At the event which was hosted by Ethereum Shanghai and Mask Network, Vitalik Buterin discussed the future of the network and revealed The Merge’s specifics.
Ethereum Merge expected in August
According to Buterin, the merging of the Ethereum network from POW to POS is likely to happen this summer in August. If some potential risks pop up, it might be delayed until September or October. Nevertheless, this merge is still highly anticipated by the community to take place this year.
Током виртуелна summit, Vitalik Buterin delivered a summary of the ETH protocol and the ETH Merge, as well as scaling issues and other upgrades. He explained the advantages of making the switch to PoS, including a stronger Ethereum ecosystem and more apps.
We have been working on proof-of-stake for about 7 years now. But finally, all of that work is coming together. If everything goes well, then the likely plan is for the merge to happen in the summer.
Виталик Бутерин, суоснивач Етхереума
Preston Van Loon, an Ethereum core developer, gave a similar timeframe for the merge during his talk at EDCON. He said that if everything goes smoothly, we could see the merge happen as early as July or August. However, he also cautioned that there are still many unknowns and that it’s possible the merge could be delayed until September or October.
Buterin stated that the “The Merge” will occur on Ropsten’s testnet, which he claims will be “larger than any other testnet we’ve done before.” A large number of existing PoS consensus networks are scheduled to convert to PoW consensus as a result of this event.