Arguably the most anticipated event in Ethereum’s 7-year-old history could come in the next few months, asserted the project’s co-founder as well as a couple of core ETH developers. This should happen before the “difficulty bomb” slows down the network.
Speaking Preston Van Loon, ETH core developer, stated that The Merge could take place sometime in August during a panel at the Permissionless conference.
“As far as we know, if everything goes to plan, August – it just makes sense. If we don’t have to move (the difficulty bomb), let’s do it as soon as we can.”
The difficulty bomb is an intentional process embedded into Ethereum’s code that will eventually slow down the network. The dev team incorporated it for two main reasons – to encourage developers to push the proof of stake transition and make it harder for miners to remain on the proof of work chain following the event.
The team has postponed the difficulty bomb several times before to ensure that the network functions properly. However, they want to avoid another delay and finish The Merge before the blockchain slows.
Previously, another developer – Tim Beiko – said The Merge will not happen in June as expected, but it will most likely occur a few months later.
Further echoing Van Loon’s encouraging words, ETH researcher Justin Drake made a similar prediction, saying he had a “strong desire to make this happen before difficulty bomb in August.”
Vitalik Buterin, ETH Shanghai Summit also reiterated this stance but also left more room for possible hiccups. Vitalik Buterin said that the Merge could take place in September orOctober.
Vitalik, at the Eth Shanghai Summit, stated that the Ethereum merge (POW – POS) was likely to take place in the summer in august. If there are any potential risks, September and October may also be possible. Live：https://t.co/WSl2IpAyJW
— Wu Blockchain (@WuBlockchain) May 20, 2022
The Ethereum blockchain recently reached a new milestone as the Ropsten testnet announced that it would complete The Merge in June.