Much anticipated Ethereum Merge update has once again been delayed as one of its leading developers Tim Beiko declared that it will be placed a ‘few months after.’
However, Tim Beiko didn’t disclose a specific time for the launch.
The community was expecting the arrival of Ethereum 2.0 by this mid-year after successful testing of the Kiln testnet. Developers have found some implementation issues during this testing, which would be fixed as per the blog post.
The Ethereum blockchain updates aim to switch from the PoW mechanism to PoS, which would help the community create a more energy-efficient blockchain than before and also it would reduce transaction costs or gas fees in an impressive manner.
As per the co-founder of Ethereum, Vitalik Buterin, Ethereum 2.0 will diminish the energy consumption “by a factor of more than 1,000” with PoS.
The current statement has disappointed many people. On the other hand, this news from the developer will grant more time to miners across the blockchain to gain more profits in the delay, as Ethereum 2.0 will diminish this profit game.
Since the announcement one of the reason for delay might be the difficulty bomb, which is also expected to arrive on the network by June. Difficulty bomb is an automated increase in mining difficulty designed to make PoW mining less attractive.
Recently, Ethereum developers and the community performed many testnet and mainnet operations to envisage a post-merger scenario. A few days ago, Ethereum has seen its first successful shadow forking on the testnet and mainnet as well.
