Arguably the most anticipated event in Ethereum’s 7-year-old history could come in the next few months, asserted the project’s co-founder as well as a couple of core ETH developers. This should happen before the “difficulty bomb” slows down the network.
Speaking at a panel during the Permissionless conference, ETH core developer Preston Van Loon noted that The Merge could occur sometime in August:
“As far as we know, if everything goes to plan, August – it just makes sense. If we don’t have to move (the difficulty bomb), let’s do it as soon as we can.”
The difficulty bomb is an intentional process embedded into Ethereum’s code that will eventually slow down the network. The dev team incorporated it for two main reasons – to encourage developers to push the proof of stake transition and make it harder for miners to remain on the proof of work chain following the event.
Although the difficulty bomb has been postponed several times in the past to make sure the net
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