Critical Remarks From Ethereum Inventor Vitalik Buterin: Made History!

Ethereum co-founder Vitalik Buterin confirmed that the merge date may be earlier than expected. But the exact date will depend on the network’s hash rate.

Vitalik Buterin says merge date may change

Buterin announced today that the terminal total difficulty (TDD) has been set to 5875000000000000000000000 (23 zeros). Vitalik also said that the exact date of the merge depends on the hash rate. Therefore, the merge could happen before the proposed September 15 date, just after the remaining hashes are mined. Vitalik made the related statements on Twitter today:

Ethereum protocol developer Terence Tsao has announced that Ethereum’s mainnet consolidation could happen sooner than previously expected. He said that Ethereum’s transition from PoW to PoS will most likely happen on September 15 or 16, 2022.

What you need to know before Ethereum merge

Core developers confirmed that the transition to PoS will be volatile after announcing the tentative merge date of September 15. Various testnet joins complete successfully, although the exact date and TTD can still be changed. The new official schedule will be at least three days ahead of Ethereum core developer Tim Beiko’s final forecast on September 19. We have quoted the dates in this article.

Ethereum 2.0 upgrade

Merge is an important phase of the Ethereum 2.0 release. While ETH 2.0 is widely celebrated by investors, miners will leave the network with the upgrade. The switch from PoW algorithm to PoS will bring validators instead of miners to the network.

Meanwhile, Vitalik Buterin does not expect Ethereum to be damaged by another fork. Buterin said during a webinar last week that Ethereum’s growth would not be affected much if a hard fork occurred:

I don’t really expect Ethereum to be seriously damaged by another fork.

Buterin is confident that the network will continue to rise after the positive feedback he has received from members of the project ecosystem. During the seminar on Saturday, he noted:

Overall, the impression I got from almost everyone I spoke to in the Ethereum ecosystem is that they fully support PoS and the ecosystem is pretty united about it.

But miners think otherwise

On the contrary, not everyone agrees with Buterin. Miners are not ready to lose their income sources following Ethereum’s transition from PoW to PoS. In response, Buterin recommended that miners prefer the ETC network. Ethereum Classic is the legacy Ethereum Blockchain. A hotly debated hard fork in 2016 saw Ethereum split from the old chain. With the upcoming ETH 2.0, most miners are switching to Blockcains like ETC, BTC or LTC.

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Larry Brown

I graduated from Yale University, Department of Television. I have been a professional news writer for 3 years. I am continuing my career here by establishing site 3 months ago.