Ethereum Devs Revealed the Date for the Planned Merge

by in Blockchain News

Ethereum merge date

The Ethereum dev team published a paper which reveals a new launch date for the upcoming Marge based on testnets and updates. The planned date is Sept 19, when Ethereum will begin relying on Proof-of-Stake instead of Proof-of-Work.

Related: Ethereum Merge Is Likely to Happen After June

According to a tweet by Ethereum’s Beacon Chain community consultant, this isn't the final date, and official updates will be made.

The Beacon Chain is Ethereum’s PoS layer. With the Merge event, the mainnet will join the Beacon Chain. This way, Ethereum aims to consume less energy and speed up transactions. Ethereum dominates the space by the Total Value Locked in the ecosystem. Currently, 62.6% of the TVL of all chains is in Ethereum.

Ether is the second largest crypto by market cap with $148 million. Currently, the coin trades at around $1200, 11.8% up in the last 24 hours.