Ethereum(ETH) Merge Event

Members of the Ethereum community have set their sights on a new date for the blockchain's long-awaited Merge.

Come September 19, the network is expected to merge from its current state as a proof-of-work (PoW) blockchain to an energy-efficient proof-of-stake (PoS) network.

The Beacon Chain is the PoS version of Ethereum currently running in parallel to the PoW-based mainnet. It launched in December 2020, marking the beginning of the multi-stage upgrade.

The Merge event planned for September will effectively move Ethereum activity over to the Beacon Chain.

Superphiz.eth included a more detailed outline of the next steps, including a final trial on the last Ethereum testnet, Goerli. Testnets offer developers a test environment to trial new updates and changes to a blockchain network without the risk of collapsing said network or causing disruptions for users.