Ethereum's Big Merge Could Happen In August 2022 – Vitalik Buterin
Co-founder Vitalik Buterin confirmed the news on Friday at the Ethereum Developer Summit in Shanghai. While Buterin did indeed say there is a big chance The Merge will take place in August, the crypto OG also stressed that delays might surface.
Colin Wu quoted Buterin saying that September or October are also possible dates for ETH 2.0 to go live.
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：https://t.co/WSl2IpAyJW
Ethereum 2.0 Coming Soon
Buterin’s comments at the summit echoed what core ETH developer Preston Van Loon said at the Permissionless event on Thursday. When asked about a possible date for The Merge, Van Loon shared that things are progressing and testing has been smooth so far.
The Prysmatic Labs team member added that it makes sense for ETH 2.0 to arrive in August.
Ethereum core Dev @preston_vanloon just said the eth merge is ready,they are now only testing, and expects the merge to happen in August. Packed room @Permissionless are excited about it. Great question @TrustlessState. Also on panel @drakefjustin pic.twitter.com/vX4beNatJ5
Also, a key ETH testnet dubbed Ropsten is scheduled to merge with the Beacon chain on June 8. The beacon chain is a sister network launched in December 2020 that runs parallel with the main Ethereum blockchain. Notably, Beacon leverages a proof-of-stake consensus mechanism and is expected to emerge as the dominant transaction layer for ETH moving forward.
EWN previously reported that major developers trialed The Merge process on testnets like Kiln earlier in the year. The tests were largely successful but the mainnet integration was ultimately pushed forward due to some bugs.
Ropsten testnet is getting merged on June 8!
Merging Ropsten is a huge testing milestone towards Ethereum's mainnet merge later this year. 🎉 https://t.co/X7eLIMA72g
The Merge could go down in crypto history as a pivotal moment for the blockchain industry. Ethereum’s change to a PoS consensus means better throughput and possibly lower gas fees. Furthermore, the transition could address a major concern championed by mainstream opposition to cryptos – energy consumption.
As the second-largest blockchain network in the world, the move to a PoS system might trigger similar plans from other major PoW decentralized networks like Bitcoin.
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