The long-awaited switch of Ethereum to a proof-of-stake will occur in August
A key Ethereum engineer, Preston Van Loon, expects that the network’s long-awaited migration to proof-of-stake will occur in August.
The long-awaited switch of Ethereum to a proof-of-stake (PoS) consensus mechanism, which has been repeatedly postponed, is expected to take place in August if everything goes according to plan.
Preston Van Loon, an Ethereum network core developer, advised Permissionless participants that the transition, known as The Merge, will occur in August if all goes according to plan.
Van Loon notified the 5000 guests that the team aimed to complete the modification before the “difficulty bomb” crippled the network.
“As far as ...