Ethereum merge could happen in August, developer says

The Ethereum Foundation’s Preston Van Loon, Justin Drake, and Vitalik Buterin have given new estimates for the network’s “Merge” to Proof-of-Stake, indicating it could take place in August.

According to multiple members of the Ethereum Foundation, “the Merge” to Proof-of-Stake could be less than three months away.

Speaking at the Permissionless conference Thursday, Ethereum core developer Preston Van Loon told attendees that the network’s transition to Proof-of-Stake was tentatively scheduled for August.

Ethereum co-founder Vitalik Buterin and the Ethereum Foundation’s cryptography researcher Justin Drake have also given similar estimates for the Merge date.

In April, the Ethereum Foundation’s Tim Beiko said that the Merge would not happen by the previous June 2022 estimate. However, Van Loon has indicated that there is a “strong desire” within Ethereum’s development circle to make the Merge happen before the network’s difficulty bomb sets off in August.

Due to delays to the Merge, Ethereum developers have had to set the difficulty bomb back several times to keep the network running until it is ready to transition to Proof-of-Stake. If Ethereum’s developers are prepared to conduct the Merge in August, they will not need to push back the difficulty bomb again, resulting in a cleaner transition.

The Ethereum Merge is a highly-anticipated update that will combine the current consensus layer with the new Proof-of-Stake Beacon Chain. The Merge will transition Ethereum away from the energy-intensive Proof-of-Work consensus mechanism to Proof-of-Stake and reduce ETH issuance by approximately 90%.