Ethereum’s transition to PoS may take place on September 10
According to the updated roadmap, the first phase of the algorithm change will begin on September 6
25.08.2022 - 10:25
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What’s new? Ethereum network developers have updated the roadmap for The Merge upgrade, which will change the consensus algorithm from Proof of Work (PoW) to Proof of Stake (PoS). According to the document, the transition could take place as early as September 10. Previously, the upgrade was expected to be released on September 15. The algorithm change will be done in two stages: the first upgrade, called Bellatrix, will be released on September 6 at 11:34:47 UTC, in case of its successful integration, the second upgrade, Paris, will be launched.
Blog of the Ethereum developers
What else is known about the upgrade? Paris will be launched after the network reaches the required TTD — Terminal Total Difficulty. Reaching this figure will depend on the network’s hashing speed. This is expected to happen within 10 days, starting on September 10.
The developers added that the Kiln testnet will stop operating on September 6. The Ropsten and Rinkeby testnets will also be shut down after the mainnet transition to PoS.
On August 11, the Goerli testnet was successfully transitioned to PoS in a merger with another Prater testnet. This occurred when Goerli’s terminal total difficulty (TTD) reached 10 790 000. The transition was the final “trial run” before the main upgrade.
What is known about the Ethereum upgrade? Due to the algorithm change from Proof of Work (PoW) to Proof of Stake (PoS), the way coins are earned on the network will change from mining to staking. The upgrade may also result in a split into two networks, one of which will continue to run on PoW. In August, the developers published a document refuting misconceptions related to the upcoming upgrade.
The Ethereum Foundation also increased rewards for detecting vulnerabilities in the upgrade. Depending on the impact of the bug found on the network, participants will be able to receive up to $1 million.
For more details on how the market reacted to the final stage before the global network upgrade, see GetBlock Magazine’s article.
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