- Ethereum’s Proof-of-Stake is expected to happen this August.
- The developers talked about their plans in a panel talk.
- The Ethereum token price is still at around $2K.
Ethereum’s developers revealed that their plan to move their algorithm fully to Proof-of-Stake (PoS) from Proof-of-Work (PoW) will happen by August.
The developers of the technology that powers the crypto ether (ETH) were guests in a panel on Permissionless, in which they talked about their plans to launch “The Merge” as soon as August. At the panel, Preston Van Loon, Ethereum core developer, shed light on how The Merge would make its debut if everything went as planned. He elaborated:
As far as we know, if everything goes to plan, [The Merge will launch on] August—it just makes sense. If we don’t have to move [the difficulty bomb], let’s do it as soon as we can.
Meanwhile, Ethereum researcher Justin Drake reassured this thought and encouraged the idea of making it happen by August. “Strong desire to make this hap …