The Ethereum Merge is the coming transition from a proof-of-work to a proof-of-stake system, and it is the most important factor of the ETH 2.0 upgrade.
The update involves a transition from proof-of-work to proof-of-stake consensus. According to reports, the update has been postponed until the end of 2022, with no clear date in sight.
Ethereum developers previously said that testing prior to the protocol’s shift to proof-of-stake was done smoothly.
Marius Wijden, Ethereum’s creator, tweeted that “the shadow fork” was a “great success.” Previously, the transition from energy-intensive mining to stakers was scheduled to occur after July of this year.
Tim Beiko’s Confirmation Of The Delay In The Ethereum Merge, Tim Beiko, Ethereum’s core developer, revealed in a Tweet after widespread speculation that the planned ETH Merge will be delayed.
He verified that the Merge would not occur in June and that the transition to proof-of-stake will occur “a few months later.” Tim Beiko, on the other hand, indicated that the transition to proof-of-stake consensus is nearing completion.
Vitalik Buterin has previously claimed that the Merge will not take place until July, and the timing of the transfer has been shifted back and forth many times prior.
ETH alone consumes 112.6 Terawatt-hours of power every year, hence protection of the environment and awareness are the main focus of this transition.
Parathi Jayanathi also stated in a tweet from Ethereum DevOps that three shadow forks of Ethereum’s Goerli testnet have vulnerabilities and that the team is trying to resolve them prior to the release, The aforementioned tweet indicates that developments on the Merge’s timing are still quite uncertain.