The historic Ethereum merge is inching closer. Tim Beiko and Prysmatic lab co-founder Terrence Tsao confirmed the tentative date of transition to proof-of-stake on September 15. Experts say it’s going to be a gigantic transition as the blockchain will undergo a transition into an eco-friendly mechanism.
Since the announcement of the tentative date, Ether prices hit 22%, the highest in the past month. The Bellatrix fork, which implements the software needed for clients to run the consensus layer, is scheduled to be executed on September 16.
We hope this September the crypto community can reap benefits from Ethereum’s new proof-of-stake mechanism.