Ethereum’s Eco-Friendly Revamp ‘Merge’ Could Go Live In August Unless ‘Difficulty Bomb’ Explodes

Ethereum, the popular and for the most part commercialized blockchain, is currently undergoing a software update that would make its operation more energy efficient and more environmentally friendly. Preston Van Loon, a developer working on Ether 2.0, has said that if all goes according to their current plans, the ‘Merger’ would be ready for launch by August this year. The developers coded Ethereum’s Mining Protocol to ‘Proof-of-Stake’ (PoS) from their current ‘Proof-of-Work’ (PoW) model. The Merge upgrade is expected to reduce Ethereum’s energy consumption by 99 percent.

At a public event, Van Loon said Merge is almost ready. It’s just a few more trials away from entering the industry.

However, there are fears of a ‘difficulty bomb’ explosion that could further delay the launch of the Merge, which would initially go live in June.

The “difficulty bomb” refers to the program encoded in the Ethereum blockchain that intentionally slows down the network, a CoinTelegraph report explained.

This feature is designed to stimulate the transition from Ethereum to PoS by increasing difficulty levels for miners so that they lose time for mining on the previous PoW chain after using Merge.

As a trigger, this difficulty bomb would need to introduce another update to slow down its trigger. This will further extend the time for the launch of Merge.

“As far as we know, if everything goes according to plan, August – it just makes sense. If we do not have to move [the difficulty bomb]let’s do it as soon as we can, ”Van Loon added.

Back in April, Merge developers successfully tested the network for stress with a so-called mainnet shadow fork.

At the time, another Ethereum developer Marius Van Der Wijden had called this a “huge success”.

Despite the positive test results, the launch of Merge has repeatedly received delays.

The developers are running extensive tests on the Ethereum update, as decentralized finance (DeFi) apps are thought to be worth more than $ 100 billion (about Rs 7,61,110 crore) are supported on the blockchain, and can not be endangered.

While the PoS mining operations use randomly selected miners to validate transactions, PoW mining requires a competitive validation method to confirm transactions and add new blocks to the blockchain. As a result, PoW mining operations are more expensive to maintain.

Like Ethereum, Bitcoin also works on PoW mining model.

FTX CEO recently dismissed Sam Bankman-Fried Bitcoin as a viable payment network option, accusing its energy-consuming PoW mining model.