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ETHEREUM MERGE LIKELY TO HAPPEN IN AUGUST

Ethereum’s core developer Preston Van Loon has said that the network’s transition to proof-of-stake will most likely happen in August. He said to the attendees at the Permissionless conference that if everything goes according to plan, The Merge will occur.

This was confirmed by Ethereum’s co-founder Vitalik Buterin during the Ethereum Developer Summit in Shanghai on Friday. Fellow Ethereum researcher Justin Drake who was on the panel at Permissionless, also stated that this is a top priority for the team.

The Merge is an upgrade to the Ethereum blockchain that will transition it from proof-of-work to proof-of-stake. This will make it more efficient and environmentally friendly.

 

 

Featured image source: The Daily Hodl

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