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Ethereum 2.0: Vitalik Buterin Says London Hard Fork Makes Him More Confident About Merge

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Thu, 08/05/2021 - 19:23
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Alex Dovbnya
The Ethereum co-founder feels more confident about the upcoming merge following the rollout of the London hard fork
Ethereum 2.0: Vitalik Buterin Says London Hard Fork Makes Him More Confident About Merge
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In a recent Bloomberg interview, Vitalik Buterin claims that he “definitely” feels more confident about the merge of Ethereum and Eth 2.0 following the successful launch of the “London” hard fork that took place earlier today.

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The Ether price saw significant volatility after the landmark upgrade went live. The hard fork is particularly notable because it includes the deflationary Ethereum Improvement Proposal (EIP) 1559.

After ditching proof-of-work for proof-of-stake, Ether’s energy consumption is expected to plunge by over 99 percent, according to Buterin.

The full release of Ethereum 2.0—which was initially slated for 2019—is expected to happen in 2022.  

However, some Eth2 researchers than the merge might take place sooner.

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About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets, can be contacted at alex.dovbnya@u.today.