Ethereum is currently undergoing a software update, which will make it more energy efficient and more environmentally friendly. Preston van Loon, a developer working on Ether 2.0, has said that if everything goes according to their current plans, ‘Merge’ will be ready for launch by August this year. Developers are recoding Ethereum’s mining protocol from its current ‘Proof of Work’ (PoW) model to ‘Proof of Stake’ (PoS). The Merge upgrade is reportedly expected to reduce Ethereum’s power consumption by 99 percent.
Speaking at a public event, Van Loon said that Merge is almost ready. Entering the industry is just a few more tests away.
However, a ‘difficulty bomb’ is expected to explode, which could further delay the launch of the merge, which was initially said to go live in June.
CoinTelegraph’s Report I explained that the “difficulty bomb” is a program coded in the Ethereum blockchain, which intentionally slows down the network.
If it is triggered, this difficulty bomb will need to introduce another update to delay its trigger. This will further increase the launch time of the merge.
Van Loon said “As far as we know, if everything goes according to plan, it should be released in August. If we [difficulty bomb] There is no need to move, so we will do it as soon as possible.”
In April, Merge developers successfully expanded the network using the so-called mainnet shadow fork. tested Was.
At the time, another Ethereum developer, Marius Van der Wijden, called it a “huge success.”