Ethereum’s long-awaited proof-of-stake transition set to start on September 6th

Nick Barclay / The Verge

The Ethereum Foundation has announced that September 6th will be the starting date for the system-wide transition known as the Merge. The first domino will be toppled on the 6th with the activation of the Bellatrix upgrade, which will then set the rest of the Merge process in action, with a completion date expected between September 10th and 20th.

The Merge refers to the switchover of Ethereum from proof-of-work to proof-of-stake - two different methods of validating transactions on the blockchain. If you're not particularly interested in world of crypto, then the technical differences between the two approaches are a little arcane (The Guardian has a good explainer here). But the big upshot is that the new proof-of-stake method will...

Continue reading...