According to Vitalik Buterin, Ethereum 2.0 will be completed in August

According to Vitalik Buterin, Ethereum 2.0 will be completed in August

The most coveted event in Ethereum’s (ETH) 7-year history, according to project co-founder Vitalik Buterin and several key Ethereum (ETH) developers, could happen in the coming months. This needs to run before the network is slowed down by the difficulty bombardment process.

Preston Van Loon, a lead Ethereum (ETH) developer, said in a discussion at the Permissionless conference that The Merge could happen in August 2022: “As far as we know, if all goes as planned, August – it just makes sense. If we don’t have to move (the difficulty bomb), let’s do it as soon as we can. »

Difficulty Bomb is a feature built into Ethereum (ETH) programming that ends up slowing down the system. It was included by the development team for two purposes: to motivate developers to work towards making the transition to proof-of-work (PoS) and to make it more difficult for miners to stay on the proof-of-work chain ( PoW) afterwards.

Even though the difficulty bomb has been delayed in the past to keep the network running smoothly, the team hopes to avoid another delay this time around and complete The Merge before the blockchain slows down.

A developer, Tim Beiko, has already stated that The Merge will not take place in June as planned, but rather in the coming months. Ethereum (ETH) researcher Justin Drake made a similar prediction, saying he had an idea of ​​what was to come. “a strong desire to make this happen before the difficulty bomb in August”. repeating Van Loon’s statements.

However, during the Shanghai Ethereum (ETH) Summit, Vitalik Buterin reaffirmed this position, but also gave way to unexpected hitches, stating that the Merger could take place in September or October this year.

At the Eth Shanghai Summit, Vitalik said that the Ethereum merge (POW to POS) is likely to happen in the summer in August, If there are some potential risks, September or October is also possible. Live:

Open testnet Ropsten was expected to complete the merger in early June, marking an important milestone on the Ethereum blockchain’s path to proof-of-stake (PoS).

💎 Open an account for free to Invest in crypto!

CoinHouse allows you to easily invest in crypto-assets. Creating an account is free and takes just a few simple steps.

📈 Trade cryptos online in just a few clicks!

eToro allows you to trade cryptocurrency easily online. Creating an account is free and very simple.

68% of retail investor accounts lose money when trading CFDs with this provider. You should ask yourself if you can afford to take the high risk of losing your money. eToro users in France cannot open positions to buy real crypto assets, all orders are opened as CFDs.

This article is offered to you in French in agreement with our partner
If you are English-speaking, find the original article in English on Crypto Academy

Latest articles by Atis.Sh (see everything)

Leave a Comment

Your email address will not be published.