Vitalik Buterin, the Ethereum co-founder, recently hinted at another delay in Ethereum’s proof-of-stake transition. According to reports, the transition has been fixed to be released in August 2022.
Buterin recently attended the Shanghai Web3 Developer Summit. The Ethereum co-founder talked about the transition during the event. Buterin stated that the much-awaited transition could go live on Ropsten (Ethereum testnet) on June 8th.
Similarly, an Ethereum developer, Preston Van Loon, also talked about the transition. According to Loon, the merge will conclude in August if everything works out. Since it is a major task for Ethereum, the network runs multiple tests. Conducting such a huge transition requires immense resources, testing, and patience, and it is bigger than every test Ethereum has done before.
Vitalik Buterin also confirmed the date. However, the co-founder also emphasized a potential delay. Buterin stated that there are always risks associated with such moves. Thus, September and October are also potential release months for Ethereum.
The team is working to ensure the timeline is maintained to avoid a difficult bomb in August. This bomb refers to a program coded in the Ethereum network, and it can slow down the network, so the Ethereum team intends to execute the merge as soon as possible.
The code can complicate the process for miners operating on the proof-of-work mechanism. This transition is the most significant upgrade since the London fork. Once this is concluded, Ethereum will release the Surge, the Verge, the Purge, and the Splurge.
As the name suggests, Ethereum will improve its scaling with the Surge using sharding. Next, it will use the Verge to elevate its statelessness via the Merkle proof upgrade.
The Purge will add the EVM simplification to Ethereum, and it will eradicate technical debt and historical data. Similarly, the Splurge is designed to be the final step, and it will ensure that the network takes care of critical miscellaneous steps.
