Ethereum‘Fame “Proof of Work” (POW) from the system “Proof of Stake” (POS) which is an important update in the transition to the system Merge roadmap is clear.
One of the last tests before Merge by Ethereum core developers was successful. “Merge’s” mainnet if it proceeds as planned September It is expected to arrive in May.
According to the information shared by Ben Edgington, the Ethereum Merge update will take place around mid-September (probably September 19th) after several transactions.
However, experts do not neglect to make an annotation that these periods may be extended.
What is “Merge”?
Merge means merger. In Ethereum Merge, it means merging the existing main Ethereum network with the POS system.
Merge will end the POW, allowing Ethereum to fully switch to POS.
Once ready, the Ethereum Mainnet will “merge” with the Beacon Chain and become its own part using Proof-of-Stake instead of Proof-of-Work.
What is Ethereum 2.0?
It can be summarized as the transition of the Ethereum mainnet to the proof-of-stake system, namely PoS.
Vitalik Buterin, founder of Etherem In his statements, he stated that this transition would be completed in the first half of 2022, but this period had to be extended many times.
It is thought that the Proof of staking system will make the Ethereum network more scalable and reduce energy consumption by 99.95%.
Ethereum, which has risen by 20% in the last three days As of our news hour, it continues to be traded at 1223$ levels.