NFT EveningNFT Evening
    Facebook Twitter Instagram Reddit
    NFT Evening NFT Evening
    • News
      • Collectibles
      • Crypto Art
      • Blockchain games
      • Metaverse
      • Music
      • Interviews
      • Columns
    • Guides
      • Top NFT Projects
      • Top Blockchain Games
      • NFT Marketplaces and Tools
    • Learn here!
      • What is an NFT?
      • How to keep your NFTs safe
      • NFT Glossary
    • NFT Calendar
      • NFT Drops
      • NFT Conferences
      • NFT Launchpad
    • Newsletter
    NFT EveningNFT Evening
    News

    Home » News » The Ethereum Merge Could Take Place As Early As August

    The Ethereum Merge Could Take Place As Early As August

    By Reethu RaviMay 24, 2022Updated:September 20, 20222 Mins Read

    Ethereum co-founder, Vitalik Buterin has confirmed that the much-awaited Ethereum merge will likely happen in August 2022. Blockchain enthusiasts have been eagerly awaiting the launch of Ethereum 2.0, which will see the Ethereum network moving to a proof-of-stake (PoS) model. But what exactly is the Ethereum merge and what did Vitalik Buterin say about it?

    Ethereum co-founder Vitalik Buterin in a green tshirt
    Vitalik Buterin has said the merge could happen in August. Credit: Wikimedia Commons

    What Did Vitalik Buterin Say About the Ethereum Merge?

    After much anticipation, the Ethereum merge is set to go live on Ethereum’s testnet, Ropsten on June 8. Recently, Vitalik Buterin discussed the upcoming launch during the ETH Shanghai Web 3.0 Developer Summit. There, he said that the merge will be a significant test for the whole ETH ecosystem. 

    “This will be a major test, larger than any of the tests that we have done before,” the Ethereum co-founder said. “Taking a large existing test network with many applications with proof-of-work, moving into proof-of-stake.”

    However, he added that there might be delays.

    “If there are no problems then the merge will happen in August,” Buterin further said. “But of course, there’s always a risk of problems. There’s also a risk of delays. And so September is possible and October is possible as well.”

    What is the Ethereum Merge?

    The merge is the biggest Ethereum upgrade after the London Hardfork Upgrade from a year ago. Currently, Ethereum follows the proof-of-work consensus, which has several drawbacks. This includes exorbitant gas fees and the significant environmental impact of mining ETH. 

    To solve these issues, Ethereum is now moving to the PoS consensus. Put simply, merge refers to the merging of the Ethereum mainnet with the beacon chain PoS system. After the merge, the network will fully transition from PoW to PoS.

    Admittedly, the Ethereum Merge has been delayed multiple times in the past. Since Ethereum co-founder, Vitalik Buterin has alluded to possible delays again, the August launch is anything but confirmed.

     


    All investment/financial opinions expressed by NFTevening.com are not recommendations.

    This article is educational material.

    As always, make your own research prior to making any kind of investment.

    Previous ArticleHow Many Blue-Chip NFTs Are Lost Forever? Apparently, A Fair Amount…
    Next Article The Bulls and Apes Project: Setting New Industry Standards
    Reethu Ravi
    • Twitter
    • LinkedIn

    Reethu Ravi is a journalist currently based in the UK, covering environment, sustainability, tech and innovation. When not found between the pages of a book, she can be seen catching up on the latest developments in the tech world. A naval architect-turned-journalist, she loves bringing stories of change and innovation to the limelight.

    More great NFT Evening content:

    Trip.com Launches Trekki NFT: Your Passport to Extraordinary Travel Experiences!

    June 4, 2023
    FC Barcelona and Plastiks Join Forces to Create Sustainable NFTs

    FC Barcelona’s Eco-Friendly NFTs: Plastic Crisis Meet Soccer Legends

    June 4, 2023
    NFTs and Beyond: GameStop's Journey into the World of Web3 Gaming with Telos

    GameStop and Telos Forge Path for Web3 Gaming Advancement

    June 4, 2023

    BAYC Goes Hollywood: NFT Primate Scores Major Movie Deal!

    June 3, 2023

    Japan’s Tech Renaissance: Sony Launches Web3 Incubator Program

    June 3, 2023
    Blur vs OpenSea has been a major saga this year

    Blur vs OpenSea: Who REALLY Won The Marketplace Wars

    June 2, 2023
    NFT holders are a favorite target of hackers

    Stolen NFTs: Hackers Strike Blur, Stealing Rare Otherdeeds, Beans and Doodles!

    June 2, 2023

    Red Bull Racing Makes Crypto History with SuiNetwork Partnership

    June 2, 2023

    NFTevening is the biggest website for NFT news. We cover; breaking news, upcoming mints, plus, interviews with top NFT artists and projects. Put simply, we are the best place for new and experienced non-fungible token fans — making content fun & accessible

    Privacy policy
    Terms and conditions

    Article Categories
    • Blockchain games
    • Collectibles
    • Columns
    • Crypto Art
    • Guides
    • Interviews
    • Metaverse
    • Music
    • News
    • NFT Marketplaces and Tools
    • Sponsored Content
    • Top Blockchain Games
    • Top NFT Projects
    NFT Calendar
    • Today’s NFT Drops
    • Upcoming NFT Drops
    • Solana NFT Drops
    • NFT Calendar
    • NFT Calendar : Add Your NFT Event
    Get In Touch
    • Advertise (Media Kit)
    • Job Opportunities
    • About Us
    • Contact Us
    • Newsletter
    NFT Beginners Guides
    • How to Sell NFT Art
    • How to Create NFT Art
    • How to Display NFT Art
    • How To Make Passive Income With NFTs
    • Best Crypto Wallet
    • Best NFT Coins
    • Best NFT Rarity Tools
    • What is a DAO ?
    • What Are Crypto Gas Fees ?

    Type above and press Enter to search. Press Esc to cancel.

    Go to mobile version