Ethereum's transition to Proof-of-Stake is getting even closer after the developers agreed on a tentative date for the mainnet merge and moved it to an earlier date.
The Ethereum Merge could come sooner than planned after the main developers announced a tentative date of September 15. Previously, this date was set for September 19. On this day, the blockchain transition from Proof-of-Work (PoW) to Proof-of-Stake (PoS) will take place. The new date for the Ethereum Mainnet Merge has come to light after core developers such as Tim Beiko and Prysmatic Labs co-founder Terence Tsao agreed that it would be when Total Terminal Difficulty (TTD) hits 58750000000000000000000, according to Cointelegraph.
The long number provided is called the Total Terminal Complexity (TTD), indicating the end of PoW and the start of PoS. TTD is the total difficulty required for the final block to be mined before switching to PoS.
Before The Merge can be completed, Bellatrix must be forked, which implements the software required by clients to run the consensus layer. This should happen on September 6, about 10 days before The Merge.
While the exact date and TTD can still change, the success of the various testnet mergers could be a promising sign that the Ethereum mainnet will seamlessly transition to PoS consensus next month. On Friday, the Goerli testnet successfully completed its own transition to PoS following the merge of Sepolia on July 7 and Ropsten on June 9, which was a promising and inspiring signal.
After The Merge, the power consumption of the Ethereum network is expected to decrease by more than 99.99%, and its scalability and resistance to attacks will improve.
© 2022, Eva Fox | Tesmanian. All rights reserved.
We appreciate your readership! Please share your thoughts in the comment section below.