Ethereum network moves to new Proof-of-Stake security methods

Tim Bako – who is the main developer of the Ethereum core – confirmed not long ago that the Ethereum merger will be a little later than planned. In his tweet, he indicated that the transition to the new network will most likely not be in early summer this year, but a few months later, i.e. closer to the fall.

Tim also says that Ethereum is currently in the last chapter of PoW, but is not without some hiccups. It’s worth noting that the original plans for the transfer were for 2019, but it hasn’t been achieved.

Not long ago there was a trial run of the revamped network, or more precisely of the underlying mechanisms. And further testing is taking place to identify bugs.

The company engineer said that some tests had recently taken place and three shadow forks had revealed a number of bugs, so there was work to be done to fix them, and only then would the update be ready.

And the future transition in many ways increases the chances of security and protection and the network, with power costs being reduced by 99%. And that, in turn, will allow for active expansion in the future.

And with serious turnover, even a small error can really be a disaster. That is, even after the merger, the main problems will remain, namely the high electricity tariff, as well as the inability to use numerous applications.

So the continuation of the work provides an opportunity to eliminate all the existing problems and thereby conduct a competent and quality merger that will change the workflow and improve it.  But so far the work is still in progress and to a large extent the launch delays are related to some of the problems. But according to the main developer everything is solvable and is already at the final stage.