Scheduled Date for Ethereum Merge Moves Up, According to Developers – Here’s the New Timeline

The timetable for the monumental Ethereum (ETH) merge to a proof-of-stake system is moving up by four days, according to Ansgar Dietrichs, a researcher at the Ethereum Foundation.

Dietrichs says “The Merge” date is now scheduled for September 15th, rather than the tentative September 19th date thrown out by Ethereum core developer Tim Beiko last month.

Dietrichs does note, however, that Ethereum’s hashrate generated by miners will likely be unpredictable in the days leading up to the Merge, meaning the actual date of the event could change.

The highly anticipated event will allow Ethereum’s mainnet to merge with its Beacon Chain, which already runs the proof-of-stake system. Ethereum currently utilizes a proof-of-work protocol.

The Merge aims to address the network’s scalability issues by setting the stage for future upgrades, including sharding.

According to Ethereum co-founder Vitalik Buterin, the smart contract platform will eventually be capable of facilitating 100,000 transactions per second via second-layer solutions following the completion of the upgrade.

More than 13.28 million ETH worth nearly $24.76 billion has been staked into the ETH 2.0 deposit contract at time of writing, according to the Ethereum search engine Etherscan.

ETH is trading at $1,868 at time of writing. The second-ranked crypto asset by market cap is up more than 1.5% in the past 24 hours.

Don’t Miss a Beat – Subscribe to get crypto email alerts delivered directly to your inbox

Check Price Action

Follow us on Twitter, Facebook and Telegram

Surf The Daily Hodl Mix

Check Latest News Headlines

&nbsp

Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Featured Image: Shutterstock/eliahinsomnia/HFA_Illustrations

Leave a Reply

Your email address will not be published.