This merge timeline isn't final, but it's extremely exciting to see it coming together. Please regard this as a planning timeline and look out for official announcements!https://t.co/ttutBceZ21 pic.twitter.com/MY8VFOv0SI— superphiz.eth 🦇🔊🐼 (@superphiz) July 14, 2022
Ethereum's transition to PoS-based ETH 2.0 began on December 1, 2020, with the launch of Beacon Chain, ushering in Phase 0 of the transition. Phase 1 of the program was scheduled to launch in mid-2021, but was delayed until the first quarter of 2022 due to work in progress and code audit difficulties.
Earlier this June, the Sepolia Beacon Chain testnet went live, setting the stage for its Merge dress rehearsal to provide Ethereum network developers with valuable technical insights. Sepolia was eventually merged into the network on July 7. The final test of The Merge is due to take place on the Goerli network, which is scheduled for the second week of August. After its merger, the official Merge slated for the second half of September would become a priority for developers.
The transition of Ethereum to a PoS-based network is expected to reduce power consumption by 99%, and the introduction of sharding (expected in the first quarter of 2023) will make the network highly scalable and comparable to centralized payment systems.
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