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Usha Yadav
Aug 25, 2022
by Usha Yadav

Ethereum Foundation Announces Merge Date For The Ethereum Mainnet

Ethereum Merge

Table of contents

  1. PoW Consensus Algorithm
The Ethereum protocol support team made public disclosures about the "Merge" schedule in a blog post published on Wednesday. The merge will convert Ethereum from a Proof-of-Work (PoW) consensus method to Proof-of-Stake (PoS) by combining the Ethereum mainnet and the Beacon Chain. Currently, only the mainnet executes transactions. After the merger, Ethereum will fully reflect its stake. It also stated that the two-phase update, "Paris" and "Bellatrix," would occur on September 6 and between September 10 and 20, respectively.

PoW Consensus Algorithm

Ethereum now employs the same Proof-of-Work (PoW) consensus algorithm as Bitcoin. Because of this, miners need to verify transactions and maintain network security. It is intended to be sluggish, expensive, and energy-intensive.

After then, "a Beacon Chain validator will produce the subsequent block," according to the blog. The merging transition will be complete when the Beacon Chain finalizes this block. This transition will occur two epochs (about 13 minutes) after the first post-TTD block is generated under typical network conditions.

Recently, Ethereum programmers forecasted that Bellatrix and the mainnet merge would be separated by 14 days. September 15 is the planned date for the Merge.

The Ethereum Foundation claims that switching to Proof-of-Stake will make Ethereum "99% more energy efficient." Despite the claims of its detractors, co-founder of the blockchain Vitalik Buterin stated in July that he thinks the change is "excellent for decentralization."

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Ethereum Foundation Announces Merge Date For The Ethereum Mainnet
Usha Yadav
Usha is a diehard crypto enthusiast and has been actively writing on different facets of the blockchain and crypto world. She has authored many research articles on cryptocurrency and aims to provide informational and quality content to readers. She firmly believes that crypto has a great potential to redefine the world of finance and blockchain.

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