According to a post published by the main developer of ETH 2.0 under the pseudonym Dapplion, the second phase of Ethereum network merger testing will begin on April 22, 2022.
It was decided to continue testing and move on to a new stage. The next step is to bring more clarity to the final timeline for completing the merger of the ETH 1.0 and ETH 2.0 networks. Earlier it was expected that the main stage of technical modernization will take place in June. Later, Ethereum developer Tim Beiko announced that the merger would take place in a few months, but did not specify a date.
Industry experts have suggested that it is likely that the second largest blockchain will move to a Proof-of-Stake consensus mechanism (proof of ownership) this fall. Beiko also assured that all the tests so far have been successful. According to him, in the near future the network will be ready for a merger and a full transition to carbon-free mining. The Beacon Chain is steadily moving towards its goal and will need to be segregated from the main Proof-of-Work chain.
The programmer noted that the community is looking forward to the moment when the power consumption of the network will decrease by 99.95%. According to him, the first phase of testing the merger began in April this year.
The programmers implemented the so-called “shadow fork”. It allowed experimenting with a variety of ideas and innovations before switching to a new algorithm.
Earlier edition informed that billionaire Mark Cuban spoke about his predictions regarding the rate of the Ethereum cryptocurrency. According to him, he is confident in the rapid growth of the value of the virtual asset. In the opinion of a businessman, this will be directly related to the transition to a new consensus algorithm. The merging of networks will make digital silver sustainable, which is very important in today’s world.