The merger of the Ethereum mainnet with the POS Beacon Chain should occur in September as expected.
The third and final test environment network (testnet) merges before the Ethereum blockchain makes its long-awaited move to proof-of-participation from proof-of-work successfully completed.
Numerous developers and key figures in the Ethereum ecosystem have taken to Twitter to share their enthusiasm for the successful merger, such as core developer Preston Van Loon and ETH podcaster/proponent Anthony Sassano, sassal0x on Twitter, who optimistically noted to his 216,400 followers that ” Next is (finally) Ethereum mainnet! The Merge is coming.
The Goerli testnet has been successfully merged and is now a full Proof of Stake chain.— sassal.eth 🦇🔊🐼 (@sassal0x) August 11, 2022
Next up is (finally) the Ethereum mainnet!!
The Merge is coming 🐼
However, some noted that there were minor problems that were also present in the previous two testnet merges.
Ethereum developer Marius van der Wijden noted that there was some “confusion on the network due to two different terminal blocks and many un-updated nodes” that slowed down the process a bit, but they stated that things looked “pretty good” anyway.
While Ethereum’s lead developer Tim Beiko also shared a screenshot as soon as the switch from Goerli to PoS was made.
pandas on the screen! pic.twitter.com/0nYll6gImH— Tim Beiko | timbeiko.eth 🐼 (@TimBeiko) August 11, 2022
There is now growing confidence that the highly anticipated merger of the Ethereum mainnet with PoS-based Beacon Chain will go smoothly, given that Beiko previously stated that the major upgrade will take place on (or near) the proposed date of Sept. 1. 19 if the final combination path was executed correctly.
In what is considered one of the most significant upgrades in blockchain history, Merge will significantly reduce Ethereum’s power consumption and bring the network one step closer to its goals of scalability, security and long-term sustainability.
Once Merge is complete, the next major milestone will be the multi-phase sharding upgrade that will significantly improve the “distribution of data storage requirements, making cumulative packets even cheaper and nodes even easier to operate,” according to Ethereum’s website.
Fragmentation is essentially distributing Ethereum’s database horizontally across chains of shards, which gives the network greater capacity while removing strain from the core network.
The price of Ether ( ETH ) has been on a meteoric pump in the run-up to the Merge, rising 72.2% in the last 30 days to sit at $1,890 at the time of writing.
And there we go! Goerli has merged 🐼 🥳— Nethermind (@nethermindeth) August 11, 2022
Shout out to all client teams, contributors and the whole #Ethereum ecosystem – what a moment to share with you all! #TheMerge is next