Ethereum (ETH) On the other hand, a new date has emerged for the long-awaited and permanently delayed proof-of-stake consensus mechanism (PoS) transition (or Consolidation).
Preston Van Loon, one of the core developers of the Ethereum network, attended the Permissionless conference. Ethereum Merge (Merge) He also announced that the transition, also known as the coin, will happen in August if all goes according to plan.
Speaking at the conference, which was attended by 5000 participants, Van Loon stated that they wanted the transition to be completed before the expected challenges in the future were fully revealed.
According to the developer, if there are no delays or problems with things planned, the transition can be made in August.
Ethereum researcher Justin Drake shared his “strong desire to get this done before the challenges of August,” noting that ensuring Consolidation continues quickly is a top priority.
The so-called “difficulty or difficulty bomb” refers to the program coded into the Ethereum blockchain that deliberately slows down the network. It was designed to encourage the transition to PoS by making it harder for miners to stay on the proof-of-work (PoW) chain after the associated merge.
Speaking on April 11, Ethereum developer Tim Beiko announced that the Consolidation has been delayed once again. He noted that despite a successful “shadow fork test”, The Merge would not be implemented in June as expected. According to Beiko, the developers need to act fast to avoid the difficulty bomb, otherwise they will have to introduce another update to delay the bomb.
If the developers don’t think they can deploy Consolidation to the mainnet without slowing down block times too much, it will need to be delayed again.
If the merge is successfully implemented in August, previously ETH2 The final milestone in the roadmap for Ethereum, also known as Ethereum, will be the fragmented chains upgrade scheduled to go live in early 2023. Until then, however, the network will continue to use layer-2, meaning networks like Polygon and Optimism will be used to handle scalability and high throughput.
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