It’s possible that within the next 65 days, Ethereun could transition from PoW to PoS, also known as proof-of-stake. This is what is being referred to as the ‘merge’. This information was shared with the public through a planning timeline released on Twitter. According to this timeline, the merge could end up happening on the 19th of September.
This information was provided by the community director of Ethereum Beacon, Superphiz. He also stressed that the timeline related to the merge wasn’t final yet. People should continue to look out for announcements that are official.
Planning Timeline For The Merge Shared
People who support ethereum as well as the crypto community as a whole have found themselves waiting for the transition from PoW to PoS to take place. During this time that they waited, there have been changed introduced introduced the network. It was meant to make the transition easier.
On the first day of December in 2o29, the Beacon chain found itself shipped. Statistics indicate that there are around 13.1 million ETH that are locked today. Once the merge has been implemented the miners of PoW making use of the Ethash algorithm will need to migrate to a separate blockchain. An example of what they can use is Ethereum Classic.
Last Thursday, Superphiz shared his planning timeline regarding this merge, on Twitter. He said that he found it exciting to see things coming together. The timeline he shared comes with specific dates for client releases, as well as a tentative date for when the merge will happen.