עטהערעום צונויפגיסן קען פּאַסירן אין אויגוסט ווען טעסטינג גייט אריין די לעצט קייַלעכיק

Speaking at the Permissionless 2022 Conference in Florida, the U.S., Ethereum Researcher Justin Drake disclosed that the merge of Ethereum (ETH) might happen in August.

Market insight provider Bankless שפּיציק אויס. ער האט באמערקט:

“Strong desire to make this happen before difficulty bomb in August. Stars are aligned.”

Meanwhile, Ethereum core developer Preston Van Loon shared similar sentiments that testing was in the final stages and said:

“As far as we know, if everything goes to plan, August—it just makes sense. If we don’t have to move, let’s do it as soon as we can.”

The merge, which will transition the current proof-of-work (PoS) consensus mechanism to a proof-of-stake (PoS), has been elusive because it was slated for June.

Previously, Ethereum lead developer Tim Beiko revealed that the shift would not happen in June as planned. He שפּיציק אויס:

"עס וועט נישט זיין יוני, אָבער מיסטאָמע אין די ביסל חדשים נאָך. ניט קיין פעסט דאַטע נאָך, אָבער מיר זענען באשטימט אין די לעצט קאַפּיטל פון PoW אויף עטהערעום.

The merge is estimated to be the biggest software upgrade in the Ethereum ecosystem because the PoS algorithm will allow the confirmation of blocks in a more energy-efficient way. After all, it requires validators to stake Ether instead of solving a cryptographic puzzle. 

Validators will take up the role of miners when it comes to the confirmation of blocks based on the amount of ETH staked, acting as collateral against dishonest behaviour. 

The merge is usually regarded as a game-changer that will give the Ethereum network a new face because it is expected to enhance סקאַלאַביליטי through upgrades like sharding.

Furthermore, it is anticipated to strengthen Ethereum’s quest as a deflationary asset because the second-largest cryptocurrency’s value is speculated to increase based on slashed supply. 

Market analyst Lark Davis had previously opined that he דערוואַרט the merge to trigger a supply growth rate of -2.8% in the Ethereum network. Moreover, a LuckyHash study noted that the shift would prompt a 1% annual deflation rate. 

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