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Ethereum(ETH) Merge Event
EthereumMembers 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.
