The Merge testing is 90% complete as the Ethereum Founder Vitalik Buterin noted, adding that the project is in a lengthy process that will make it robust in many ways so let’s read more today in our Ethereum latest news.
Buterin asserted that the ETH Developers are working on five long-term stages that aim to improve the network’s overall capabilities and the first on the agenda was the Merge testing which is 90% complete and has to be tested on Ropsten. During the ongoing annual Ethereum conference and Buterin outlined the improvements that the development team is working on for both the long-term and the short-term.
With the protocol’s long-anticiapted switch from PoW to PoS coming later this year, the ethereum founder noted that most of the testing has been done. He said that the Merge is left to be tested on Ropsen which can happen quite soon. The 9th shadow fork went live which means that the start of the final trial phases of the Merge is ongoing and a time, one of Ethereum’s lead developers hinted that the event can take place as September this year.
Buterin furhter added that the validators will be able to start withdrawing the ETH that they locked in deposit contracts once the Merge happens. He said that the Merge people will be able to build an Ethereum client which doesn’t know the proof of work phase happened. Another phase included in the Ethereum roadmap called the Surge will focus on increasing the network scalability for the rollups via sharding. He noted that once the roadmap comes to an end, ETH Will be able to process 100,000 transactions per second which can be a huge improvement from the current 15-20.
As recently reported, Ethereum’s ETH jumped 12% as Merge approached fast and the bullish price movement is closely related to the Merge event which is expected to happen in September. The highly anticiapted upgrade will transition ETH from the PoW blockchain network to PoS network and the upgrade is expected to improve the network’s scalability but also reduce the carbon footprint. Alongside the trial of the latest est fork, the activity of the ETH-based apps is also increasing.
DC Forecasts is a leader in many crypto news categories, striving for the highest journalistic standards and abiding by a strict set of editorial policies. If you are interested to offer your expertise or contribute to our news website, feel free to contact us at [email protected]