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Ethereum founder Vitalik Buterin said on Friday the Ethereum Merge, ie a transition to a proof-of-stake (PoS) protocol, will most likely happen by August this year.
Speaking at the ETH Shanghai Web 3.0 Developer Summit, Buterin said that in case of potential risks, a delay to September or October is possible.
Vitalik Buterin: Ethereum Merge is Expected in August
During the virtual summit, Vitalik Buterin shared an overview of the Ethereum protocol, the ETH Merge, and happenings related to scaling and other improvements. He shared the benefits of the transition to PoS such as an improved Ethereum ecosystem and more applications.
“We have been working on proof-of-stake for about 7 years now. But finally, all of that work is coming together. If everything goes well, then the likely plan is for the merge to happen in the summer.”
The biggest development towards Ethereum Merge happened this week. The merge of Ropsten-beacon chain on the Ethereum test network, with genesis on May 30 and transition on June 8.
