Ethereum Eyes Huge Breakout As The Long-Awaited Merge Now Expected In August ⋆ ZyCrypto - BitcoinEthereumNews.com
While it‘s not set in stone, Ethereum’s much-anticipated Merge event where the network changes its consensus algorithm from its current proof-of-work design to proof-of-stake will most likely happen this August. This was revealed recently by Ethereum developers. Ethereums Big Shift To Proof Of Stake Coming In August “If Everything Goes To Plan” Speaking during the Permissionless conference, Ethereum developer Preston Van Loon told the attendees that the network is on track to move to PoS in August if no hurdles are encountered along the way. “As far as we know, if everything goes to plan, August — it just makes sense. If we don‘t have to move [the difficulty bomb], let’s do it as soon as we can.” As ETH Hub puts it, the difficulty bomb is a “mechanism that at a predefined block number, increases the difficulty level of puzzles in the proof-of-work mining algorithm resulting in longer than normal block times (and thus less ETH rewards for miners).” Notably, the date of the so-called difficulty bomb helps estimate when The Merge is expected to happen as it‘s designed to disincentivize miners from continuing to produce blocks on Ethereum’s PoW chain. anunsyo n n n Ethereum Foundation member Justin Drake, also at the conference, indicated that ensuring the