A much-anticipated software upgrade of the Ethereum blockchain, known in crypto as the Merge, is now likely to happen around Sept. 15, according to network co-founder Vitalik Buterin.
The Merge represents a transition in how Ether tokens are minted and transactions are validated, away from mining blocks using complex computational puzzles under the proof-of-work method and toward proof-of-stake. Under the POS method, Ether holders can sign up to validate transactions on Ethereum based on stashes of locked up tokens.
Following a final test stage of the Merge known as Goerli earlier this week, Buterin said the proof-of-work version of Ethereum now only has a rough “fixed number” of mining slots. This means developers can be more certain about when the official network upgrade might begin.
A previous forecast set a date between Sept. 15 and Sept. 20. There is another call between Ethereum developers next week to hammer out any last-minute hiccups to the Merge, at which a definite date...
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