Ethereum 2.0 merge postponed until further notice
The merger had already been announced several times in the past, most recently for June 2022, but this date has burst.Bad Salzdetfurth, )
Smart IT Alliance GmbH
The Ethereum 2.0 merge is still a long time coming. The merger had already been announced several times in the past, most recently for June 2022, but this date has burst.
In order to make the conversion of the protocol ecosystem and blockchain future-proof, work has been going on on Ethereum 2.0 since 2018. The developers face a huge challenge.
The thought process of saving energy and saving medium-term capacities of our ecosystem is worth the effort, because Ethereum 2.0 should save about 99 percent of the energy used in the network so far.
ETH 2.0 is on the home stretch and the transition to Proof-of-Stake will happen in the next few months/years. When this date will be exactly, however, is unclear. The chief developer Tim Beiko announced on Twitter that the merge would be postponed by a few months, but he did not give any reasons. A specific date was not published. With many details you still have toDo development work, the Ethereum inventor Vitalik Buterin announced in January.
Ethereum is the second largest cryptocurrency with a market capitalization of just over 370 billion US dollars. An error in the merge will directly affect this asset and would set Ethereum back years. Therefore, investors are not complaining about the implemented merger.
Nevertheless, a lot of work is being done on the implementation, and positive price curves are also hoped for with Ethereum 2.0.