As known Ethereum The blockchain network aims to abandon the Proof of Work consensus mechanism and switch to the Proof of Stake mechanism.
The so-called “convergence” process that will merge the execution and consensus layers of ETH is already in its final stages.
Ethereum Developers Start Working on Post-Merge Updates
Tim Beiko, one of the Ethereum core developers, reiterated in his blog post that the Kiln testnet is the last public testnet performed before the merger.
Beiko stated that the Kiln testnet is currently being monitored step-by-step. Many projects such as Kurtosis, Tenderly, Lido, Uniswap, EthStaker, Infura and Blockdaemon are already testing their projects on the testnet and developers are fixing bugs they find.
In his statement on the subject, Beiko said:
“Our main priority remains on ‘merge’ with a renewed test focus. We hope to complete applications in the next month, run many short-lived devnets, and receive feedback from application, infrastructure and tool providers.”
“Difficulty Bomb In June”
world’s largest altcoin Although there is no clear date on when he will clear the roughness in front of him and continue on his way, it has been learned that the difficulty bomb, which has been postponed for a long time, will come to life in the near future.
Beiko has announced that the difficulty bomb will reduce the rewards of Ethereum mining. from Junen guessed it would launch.
With this happening, the amount of newly produced ETH, that is, the amount of supply, will decrease.
On the other hand, it is thought that with the completion of all updates and the transition of ETH to the Proof of Stake mechanism, it will become environmentally friendly. However, there is no clear time for this yet.
*Not investment advice.