Ethereum devs confirm mid-September as their tentative roadmap for the merger to proof-of-stake based ETH 2.0.
, initiating Phase 0 of the transition. Phase 1 of the program was scheduled to launch in mid-2021 but got delayed to the first quarter of 2022 owing to unfinished work and complexities involved in the code auditing.
Earlier in June this year, Sepolia testnet Beacon Chain went live, setting the stage for its Merge dress rehearsal to give Ethereum network developers valuable technical insights. The Sepolia wasThe final trial of the Merge is set to occur on the Goerli network which is scheduled for the second week of August. After its merger, the official Merge slated for the second half of September would become a priority for devs.
Ethereum’s transition to PoS based network is expected to reduce its energy consumption by 99% and the introduction of sharding would make the network highly scalable and on par with centralized payment processors.The PoS vs PoW debate has been a long-running one, where PoS proponents claim it's more environment friendly and equally secure while PoW proponents including the likes of Jack Dorsey have called PoS centralized and less secure.
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