Ethereum Merge Will Be Done On September 19, No More Delay?

Ethereum will merge PoW and PoS.(photo: doc. Unsplash)

JAKARTA – The transition of Ethereum from the old model to the new model has become increasingly widespread in the last few months. The transition process is called The Merge, the phase that marks the switch from the old version of ETH to ETH 2.0.

This is because the old version of ETH uses a Proof-of-Work (PoW) model which is considered energy-intensive because it allows mining to use high computing. While the Proof-of-Stake (PoS) model allows the process of staking or crypto locking to validate the network. PoS is also claimed to be an environmentally friendly model.

In recent days, ETH developer, Ethereum Foundation has officially set the implementation time for The Merge phase, which is September 19, 2022. ETH transition is believed to cut transaction fees on the Ethereum network significantly.

According to CoinSpeaker, speculation surrounding The Merge in September has been circulating for some time, confirmation was given at an Ethereum developer conference call, hosted by the Beiko Team. At the meeting, Beiko proposed a September 19 date, and there were no objections from any of the developers present at the call.

The Merge will be one of the most important milestones in the history of blockchain technology. When completed, it will reduce the network's energy usage by 99%, thereby freeing Ethereum from being perceived as an environmentally unfriendly cryptocurrency.

“There are very real costs associated with not doing The Merge: 130,000 tonnes of carbon dioxide every day,” says developer Ben Edgington.

"It's almost a million tonnes a week. Every week we twiddle our thumbs, that's a megaton of carbon dioxide that we emit," he added.

The claim that urgency was not felt was dismissed by Team Beiko who said that efforts to get things done properly should not be interfered with.

"It should be noted [that] on the last call, and personally for me, the client team has mentioned that they feel very stressed and urgent," he said. "Too much pressure only exhausts the team or makes worse decisions, and that's not the situation we wanted," said Edgington.

However, Ethereum developers have highlighted the fact that the set date is only a guide for the Ether roadmap. While the launch time on the mainnet can not be ascertained according to the situation and conditions faced by the developer.