- The merge is yet to come and its arrival has caused a division of opinions.
- While some consider that The Merge will be successfully implemented, another percentage of crypto users considers that the blockchain could present a division.
Despite the circumstances currently given by what is known as the crypto winter, the environment of digital tokens continues, presenting movement and therefore, life.
In this regard, the Ethereum network is already very close to the merger phase of its crucial transition from proof-of-work (PoW) mining consensus to proof-of-stake (PoS).
merger date
Last July 14he programmers of Ethereum, announced during a phone conference. that during the first fortnight of July the perpetual merger of the network would take place. To be more exact, Tim Beiko, Ethereum’s core developer, noted that September 19 would be the tentative starting point for the merger.
At the time, this tentative date was not objected to by the core developers.
Subsequently, the developer of Ethereum superphiz.eth wrote on his official Twitter account about the roadmap for the merger, making it clear that the date proposed by Beiko, should be considered more as a road map, and not as a deadline.
It should be noted that after the announcement and the tentative date were made, the value of Ethereum rose drastically, something quite noticeable, since it had previously suffered a drop due to the bear market.
About, Ethereum has managed to gain 62.4% against the United States dollar, in the last month. However, with Beiko’s target date drawing ever closer, enthusiasm for its implementation of the change has dwindled, as well as causing Ethereum enthusiasts to begin questioning whether developers will delay The Merge fork.
The Merge causes controversy
This topic was highly questioned and resumed on social networks last weekend.
A user of Twitter wrote about it: “I think everyone is too obsessed with the September deadline for The Merge to think everything has to be worked out in the next few months. But what if the Ethereum Foundation just slows it down again?”
In this regard, Twitter was filled with various theories that basically cover the idea of whether or not the changes will be implemented in the second half of September. A netizen who calls himself a “retired degen” posted a thread on Twitter in which he pointed out the various advantages to be gained if The Merge is successfully implemented.
However, the controversy did not remain only in social networks and the various theories about the implementation or not of The Merge on the indicated date, but also moved to a slightly more institutional sphere, after the cryptographic hedge fund that was specializes in over-the-counter trading and algorithmic market making, Galois Capital, gave or released a poll in which various people were asked if they consider that Ethereum will be divided into two chains, after the implementation of The Merge.
The results showed that 53.7 percent indicated that The Merge will be successfully implemented, however, 33.1 percent, if they considered the fact that the chain could present a division.
Likewise, They indicated that, if said division was carried out, there would have to be a PoW token and a PoS token, despite the fact that there is currently a PoW version of Ethereum, called Ethereum Classic.
Start of the trip
The transition journey from Ethereum to ETH 2.0 based on PoS began on December 1, 2020, through the launch of the Beacon Chain, with the beginning of Phase 0 of the transition.
In this regard, Phase 1 of the program had already scheduled its launch date, in the middle of last year, however, it had to be delayed until the first quarter of this 2022, due to the unfinished work and the complexities involved in the code audit. .
Likewise, in the first days of last June, the Sepolia testnet Beacon Chain was finally launched to the market, with which the stage began to be set for its Merge dress rehearsal, with which it will be offered to the developers of the Ethereum network , technical information of your interest.
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