- Ethereum difficulty bomb set to explode in August According to Justin Drake, the ETH merger may be delayed.
- Vitalik Buterin, co-founder of Ethereum, has expressed a strong desire to complete the merger in August 2022.
- Buterin believes that issues arising during testing on Robsten on June 8 will be crucial to the merger’s timeline.
The Ethereum difficulty bomb is set to explode in August 2022 and slow down the ETH blockchain. Altcoin co-founder Vitalik Buterin has warned that a change of plans could lead to a delay in the integration of Ethereum.
Also Read: Vitalik Buterin Sets Ethereum Consolidation Date, Fueling Bullish Breakout
Ethereum integration may experience delays if something goes wrong
Ethereum co-founder Vitalik Buterin told the community at the Shanghai Web 3.0 Developer Summit that an Ethereum merger could happen in August 2022. Buterin remains optimistic about the timeline for the transition to proof of stake. However, warn of delays if testnet execution problems arise.
The Ropsten Test Network will test the merger on June 8, and a smooth transition to Proof of Stake is key to the event schedule. If issues arise and developers identify issues that need to be addressed, the Ethereum integration may be delayed. Buterin explained that the delay could push the merger to September or October 2022. He was quoted as saying:
“If there are no problems, then Ethereum will merge in August, but of course there is always the risk of problems, and there is also the risk of delays, and so on in September.”  possible, and october  It may be possible. »
The issues Buterin points out are the challenges that arise when the Ethereum blockchain, with all its decentralized applications and protocols, moves from Proof of Work to Proof of Stake. Therefore, the planned testing of the Ropsten Test Network is critical to the timely implementation of the Ethereum integration. If critical issues identified during testing are taking too long to resolve, it will delay consolidation.
Bomb difficulty on the Ethereum blockchain is on
Justin Drake, a researcher at Ethereum, revealed that the merger is currently on the right track and is high on the development team’s priority list. Drake has “a strong desire to make it happen before the August hard bomb”.
By the difficulty of the bomb, drake means software crypto-program in the Ethereum blockchain that aims to slow down the blockchain. This would encourage the transition of proof of work to the proof of consensus mechanism. The bomb achieves this by making it more difficult for miners to use the Proof of Work consensus mechanism after the merge.
The following merger
The Ethereum merger is far from the end of the road for the blockchain network. The development team has aligned Surge, Verge, Purge, and Splurge, after a successful migration from Ethereum to Proof-of-Stake.
Surge will handle scaling and improvements by implementing splitting techniques. The Verge will enforce Verkle Trees, an upgrade that allows for smaller proof sizes and encourages “statelessness” on the Ethereum blockchain. Statelessness is the transfer of responsibility for the sources and storage of the global Ethereum status to a participant or witness in the altcoin network. The purge will deal with the simplification of the Ethereum Virtual Machine (EVM) and the final stage, while the insanity will implement several important additions to the altcoin roadmap.
Ethereum price could explode if it recovers $2800
Cryptocurrency analyst and trader, IamCryptoWolf, believes that the price of Ethereum could reclaim $2,800, after assessing the direction of ETH.
– Wolf (@IamCryptoWolf) May 22 2022
The fractal pattern is similar to what the analyst noticed in October 2016 on the Ethereum price chart, and the first fake exit follows the failure of the ascending triangle. The analyst is aiming for a long-term Ethereum price target of $4,200 in the event of an ascending triangle pattern.