Ethereum Will Go to Proof-of-Stake By the End Of the Summer

One of the leading developers Preston Van Loon at the Permissionless conference announced that the transition of Ethereum to the Proof-of-Stake (PoS) consensus algorithm will take place in August.

According to him, the team expects to first complete the process, which is called “merging” [The Merge], and August is the most reasonable time if they do not want to move the “complexity bomb” again.

Fellow developer Justin Drake confirmed that the priority for the team is to conduct The Merge before increasing the difficulty of mining.

Ethereum co-founder Vitalik Buterin at the Eth Shanghai virtual summit also called August the most likely time for the network to switch to the PoS algorithm, but also allowed for the possibility of shifting the dates to October-November in case of “potential risks”.

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