Ethereum developers postpone the date of transition to the «green» blockchain

The Ethereum development team has announced a new date for the transition to the «green» blockchain, which will take place a few days earlier than promised by Ethereum’s chief developer Tim Bako.

As it became known, after the Ethereum developers chose the total difficulty domain (TTD), where the transition to the PoS algorithm will take place (TTD 58 749 999 999 999 996 329 984), the Ethereum team announced September 15 or 16 as the final date for the transition to the Proof-of-Stake consensus mechanism. Earlier, Tim Bako called September 19 the day when the merger would take place, and other developers agreed with this.

Apparently, after the successful transition of the last test network Goerli to the PoS consensus mechanism, Ethereum developers decided to speed up the process of merging the main network. According to Ethereum representatives, the Goerli transition is the last opportunity for users to make sure that their PoS validators are configured correctly before the main network migration. It is expected that the transition of Ethereum to a PoS network will reduce energy consumption by 99%.

It is worth reminding that it is thanks to Goerli’s transition to PoS that the value of ETH has increased by 14% per day. Earlier, cryptocurrencies have already risen in price due to the successful transition to the green blockchain of the Ropsten test network in June and Sepolia in July. It is worth noting that Goerli differs from Ropsten and Sepolia in that before the transition, it worked on the PoA (Proof-of-Authority) consensus mechanism, not PoW (Proof-of-Work).