Ethereum core developer Tim Beiko said yesterday that the highly anticipated transition from its current proof-of-work (PoW) mechanism to a proof-of-stake (PoS) consensus algorithm would happen between August and November and that only a catastrophic event or failure will prevent it from happening this year. Timeline Revealed for Ethereum Merge In a Twitter conversation between Ethereum developer and researcher Bed Edgington and core developer Tim Beiko, it was revealed that the highly-anticipated “merge” could likely happen between August to November. I still feel like the (late) August-Nov range is roughly right? Speed of fixing bugs and number of new issues encountered is what makes it hard to predict? I think for it to not happen this year, you'd need a catastrophic event/failure/series of normal bugs — Tim Beiko | timbeiko.eth 🐼 (@TimBeiko) June 10, 2022 “If we found 0 more bugs, we can probably merge in a couple months. I just don’t think that’s realistic. Also don’t think it’s likely we will find 10, or even 5?, more severe issues. Confidence shrinks exponentially within that range, though,” Beiko added in his reply. However, Edgington does not seem pleased with the estimate, which he claimed is “way too rough” for any planning. Most Significant Upgrade in Ethereum’s History Just a few days ago, Ethereum’s Ropsten public testnet, which allows for blockchain development testing before deployment on the mainnet, went thr...
SEC Hosts First-Ever Crypto Roundtable Today
