Vitalik Buterin announces Ethereum Merge Could Happen in August

The highly anticipated consensus mechanism merge could happen in August, according to Vitalik Buterin.

May 23, 2022
by Michael
Vitalik Buterin announces Ethereum Merge Could Happen in August
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For a while now, one of the most anticipated events in the blockchain community has been the potential move of Ethereum from the proof-of-work to proof-of-stake consensus mechanism, thereby reducing its energy consumption by 99%. Based on available information, it seems the long-awaited merge is finally here.

Ethereum co-founder Vitalik Buterin while speaking at an ETH web developer summit in Shanghai, said, "If there are no problems, then the merge will happen in August". This announcement is very significant due to the numerous changes this move will birth in the blockchain industry.

Furthermore, Prominent Ethereum developers have also expressed their desire for the merge to hold in August.

Speaking at a panel during the Permissionless conference, Ethereum core developer Preston Van Loon commented:

"As far as we know, if everything goes to plan, the merge should happen in August. it makes sense."

The merge is a significant part of a series of organized development upgrades designed to address fundamental issues associated with the network. It was initially slated for June, but developers delayed it due to the importance of the move and to ensure every necessary modification, correction and backup operations are in place to prevent any severe setback or loss of investments in the network.

Through this move, Ethereum plans to address the environmental threat posed by the energy consumption of the proof-of-work consensus model and the scalability concerns of its network.

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