Ethereum developers are currently in the process of implementing a previously planned merger and most recently they have had a date to move to proof-of-stake (PoS).
Based on recent developments, the Ethereum mainnet is now ready to launch a merger in the week beginning September 19th. This merger will be implemented after launching another testnet before switching to PoS.
The combination is expected to be used on the Goerli testnet in the second week of August. After that, blockchain will use the Bellatrix update in early September and launch the merger two weeks later.
The new date for the merger is more or less in line with the timeline proposed by founder Vitalik Buterin earlier this year.
The smoothness of the merger is dependent on the merger of Goerli. If it is perfect then the transition to PoS is expected to be smooth as well.
Most recently, the ‘shadow fork’ on the mainnet saw 20% of nodes deactivated after its launch, raising some concerns about the stability of the merger. Earlier in May, the price of Ethereum had fallen after the Beacon chain underwent a restructuring.
The merger is expected to largely drive Ethereum’s price spike, as it will make investing in tokens more accessible. The move to PoS will arguably be the biggest blockchain update since hard fork in 2016 and the creation of Ethereum Classic.
Ethereum price traded strong 13% in 24 hours to the trading level of $ 1227.
