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Ethereum's Developer Shares New Timeline of Its Merge

Wed, 04/13/2022 - 16:29
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Vladislav Sopov
Seasoned Ethereum (ETH) developer Tim Beiko shared his views on much-anticipated PoW/PoS merge
Ethereum's Developer Shares New Timeline of Its Merge
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Anonymous Ethereum (ETH) miner and investor asked Mr. Beiko about the prospects of Ether mining in near future. Is Proof-of-Work (PoW) really on a borrowed time?

'Final chapter of PoW in Ethereum'

Mr. Beiko has taken to Twitter to answer one of his commentators who is interested in Ether mining. Anonymous Twitter user @TripleSack asked whether it makes sense to buy new mining equipment.

Also, he asked if the previous estimations of June, 2022 as the time frame for Ethereum's migration towards Proof-of-Stake (PoS) consensus still valid.

Mr. Beiko claimed that Ethereum (ETH) won't migrate to new consensus in June. However, in 'few months', the second blockchain will go live on Proos-of-Stake.

As such, Ethereum (ETH) community entered the last phase of Proof-of-Work stage of its history. 

First-ever shadow fork occured on Ethereum's mainnet

As covered by U.Today previously, Ethereum (ETH) developers started last testing campaign before the initiation of The Merge. The last pre-Merge testing phase Kiln was activated on multiple Ethereum testnets.

Also, on Apr.11, 2022, the first-ever 'shadow fork' in Ethereum (ETH) history went live on main network. It didn't affect the operations of main network, but emulated the Merge specifications.

Related
First-Ever Shadow Fork Happens on Ethereum

Despite minor issues with some implementations, developers announced the success of this ambitious experiment.

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About the author

Blockchain Analyst & Writer with scientific background. 6+ years in IT-analytics, 3+ years in blockchain.

Worked in independent analysis as well as in start-ups (Swap.online, Monoreto, Attic Lab etc.)