In roughly 65 days, there’s a chance Ethereum’s highly anticipated transition from proof-of-work (PoW) to proof-of-stake (PoS), otherwise known as The Merge, could be implemented. The information was shared via “a planning timeline” on Twitter, which noted the shift from PoW to PoS could happen on September 19. The source stemmed from Ethereum Beacon chain community director, Superphiz, who further stressed that The Merge “timeline isn’t final,” and that people should “look out for official announcements.”
When The Merge is officially implemented, PoW miners using the Ethash algorithm will be forced to mine a different blockchain like Ethereum Classic (ETC). Despite this upcoming change, ether miners have continued to dedicate hashrate toward the ETH network and on June 4, at block height 14,902,285, the hashrate tapped an all-time high. On that day, the hashrate reached 1,320 terahash per second (TH/s) or 1.32 petahash per second (PH/s).
In the screenshot, a person wrote: “So we have these extremely soft, changeable targets of Goerli merge on August 11th and Mainnet merge in [the] week of Sept. 19th.” Beiko replied in the R&D Discord server by saying: “If I had to use textures, I’d say to treat Goerli as aged cheddar (not parmesan) and mainnet as burrata.”
For now, The Merge could happen on September 19, 2022, and Ethereum will eventually transition away from the PoW model to a full PoS network. Of course, there’s a possibility The Merge will not happen on the day specified in the planning timeline, and the shift from PoW to PoS will be delayed.
What do you think about the possibility of Ethereum implementing The Merge on September 19? Let us know your thoughts about this subject in the comments section below.