The Merge — Ethereum’s long-anticipated transition to a new design — might take place the week of Sept. 19, TimBeiko projected this week.
Beiko, an Ethereum protocol support engineer, made his September estimate at a
. In addition to offering a potential date for the Merge, Beiko gave a timeline for other major Ethereum development milestones.and an Ethereum community Zoom call – that the timeline is very likely to change.Today’s PoW mechanism, whereby miners compete to secure the network by solving complex computational puzzles, is the consensus algorithm that secures the Bitcoin blockchain, but it has been criticized for its high energy costs.
PoS – versions of which have already been adopted by chains like Solana and Tezos – replaces miners with validators. Validators can stake 32 ETH with the Ethereum network for the chance to get randomly selected to add blocks to the chain.The update from PoW has been on Ethereum’s roadmap since it first launched in 2015, but engineering complexities have caused the shift – originally dubbed “Ethereum 2.0” – to drag out several years.
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