Ethereum Foundation finally confirms the date of ‘The Merge’! On August 24th, Ethereum Foundation updated its blog post to inform the community of the progress and the date of ‘The Merge’.
‘The Merge’ and Its Date
The community is given another surprise from the Ethereum Foundation. Previously, people predicted ‘The Merge’ would happen on September 19th. However, a few weeks ago, they believed ‘The Merge’ would be here sooner than expected, and it would be on September 15th. Now, there is another update. To add the information, ‘The Merge’ is a change in Ethereum from Proof-of-Work (PoW) to Proof-of-Stake (PoS).
On August 24th, the Ethereum Foundation updated its official blog post to tell the community about the date. There are two phases for ‘The Merge’ to complete, Bellatrix and Paris. Bellatrix will take place on September 6th, and Paris will happen between September 10th and 20th. According to the Ethereum Foundation, after 12 minutes of finality, PoW will be deprecated.
This is it: The Merge is coming.
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— Joseph Schweitzer | 🐼 (@JBSchweitzer) August 24, 2022
The Ethereum Foundation wrote, “Following years of hard work, Ethereum’s proof-of-stake upgrade is finally here! The successful upgrade of all public testnets is now complete, and The Merge has been scheduled for the Ethereum mainnet.”
What About Miners?
As ‘The Merge’ is approaching, the community has been actively discussing its impact on miners. ‘The Merge’ will practically eliminate miners and use validators.
In the blog post, the Ethereum Foundation also talked about miners. They confirmed that mining is no longer possible after ‘The Merge’.
The Ethereum Foundation stated, “If you are mining on the Ethereum mainnet, you should be aware that the network will operate entirely under proof-of-stake after The Merge. At that point, mining will no longer be possible on the network.”
The impact on miners makes people try to help and find the solution, including Ethereum Classic (ETC), which mentioned miners would be able to move to ETC.