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The Ethereum merge event has a new start date. Members of the Ethereum community have decided on a new date for the long-awaited merge of blockchain.To conclude the summer, the network will be on September 19th from its current state as Proof of Work (PoW). Energy efficiency Proof of stake (PoS) Network.
With the announcement of the new date, Ethereum rose 40% over the weekend, jumping to a 10-day high at the CET on Monday afternoon, trading at $ 1.516,25.
Beacon Chain Community Manager superphiz.eth Tweet, “The timeline for this merge isn’t final, but it’s very exciting to see it together. Think of it as a planning timeline and watch out for the official announcement!”
Beacon Chain is a PoS version of Ethereum and is currently running in parallel with the PoW-based mainnet. This is the ledger of the account that runs and coordinates the stacker’s network. Unlike the Ethereum mainnet, it does not handle transactions or smart contract interactions, but it can be considered the first step in Ethereum 2.0. Ethereum Communication network.Beacon Chain First Release In December 2020, a merge event scheduled for September will allow Ethereum to move to this new ledger.
Sassal.eth, an independent Ethereum educator, angel investor and advisor, tweeted:
Testnets like Goerli and Sepolia provide developers with an environment to test new updates and make changes without the risk of disrupting the blockchain network or causing unwanted disruption to users.
The announcement of this new merge date ended last week after a testnet called Sepolia also ran successfully. Ethereum developers must agree that they have been fully tested so that they can publish their merges seamlessly. In the upcoming September 19th merge, Ethereum will move into a new era, leaving one consensus mechanism and launching another.
