Seasoned Ethereum (ETH) developer Tim Beiko shared his views on much-anticipated PoW/PoS merge
The anonymous Ethereum (ETH) miner and investor asked Mr. Beiko about the prospects for mining Ether in the near future. Is Proof-of-Work (PoW) really on hold?
‘Final chapter of PoW in Ethereum’
Mr. Beiko has taken to Twitter to answer one of his commentators who is interested in Ether mining. Anonymous Twitter user @TripleSack asked whether it makes sense to buy new mining equipment.
Additionally, he asked if previous estimates of June 2022 as the timeframe for Ethereum’s migration to Proof-of-Stake (PoS) consensus still held.
Mr. Beiko claimed that Ethereum (ETH) won’t migrate to new consensus in June. However, in ‘few months’, the second blockchain will go live on Proos-of-Stake.
As such, the Ethereum (ETH) community has entered the final phase of the proof-of-work stage in its history.
First-ever shadow fork occured on Ethereum’s mainnet
As covered by U.Today previously, Ethereum (ETH) developers started last testing campaign before the initiation of The Merge. The last pre-Merge testing phase Kiln was activated on multiple Ethereum testnets.
Additionally, on April 11, 2022, the very first “ghost fork” in Ethereum (ETH) history went live on the mainnet. This did not affect mainnet operations, but emulated fusion specs.
Despite minor issues with some implementations, developers announced the success of this ambitious experiment.
