Close Menu
LockMeta
  • News
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFTs
  • Business
  • Markets
  • Policy
X (Twitter) Telegram
LockMeta
  • News
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFTs
  • Business
  • Markets
  • Policy
X (Twitter) Telegram
LockMeta
News 2 years ago

Developers: Ethereum client Geth is nearly ready for merger

On February 3rd, Geth, the main Ethereum client currently running the PoW network, is almost ready for a merge. Péter Szilágyi, a maintainer at Geth, said: “While it’s not obvious from the outside, the go-ethereum codebase is one step closer to being ready for a merge. And the PR itself is already done, it just needs to be tested.

It is reported that Ethereum 1.0 clients will merge with Ethereum 2.0 clients by redirecting RPC calls from PoW miners to PoS stakers, after which the network will be run by stakers and miners no longer play any role. This is expected to happen in June or July of this year, but eth2 developer Ben Edgington thinks this timeline is too aggressive.

He explained: “It may be possible but there is not enough room to deal with possible problems, we will have an ideal merger timetable by mid-July, but we will also have contingency plans to delay the difficulty if needed. bomb. The most important thing is to get the whole thing right.

The merge specification is apparently not frozen and the new testnet has not been released yet, but overall the work seems to be in its final stages, with only improvements and testing left. However, this is a huge effort as the entire network will operate on a new consensus and Ethereum’s inflation rate will also drop to less than 1% per year from about 4%. The client appears to be ready, and after years of development, there are only a few months left to complete the entire upgrade.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
Previous ArticleDutch tax authority expands powers, lawyers urge investors to truthfully declare crypto assets
Next Article Major Russian Crypto Exchange Ready to Face Crypto Regulations

Related News

2 months ago

SEC Chairman: Cryptocurrency tokens are not currency and do not meet the three functions of currency

3 months ago

Musk Backs Crypto-Friendly Republican Presidential Candidate Vivek Ramaswamy

1 year ago

Crypto lending platform Ledn is working to bring bitcoin mortgages to Texas

1 year ago

Liquid Global: SOL withdrawals will resume soon

1 year ago

Data: 65% of Bitcoins have not moved in more than a year, hitting an all-time high

1 year ago

USDC issuance on the Avalanche chain exceeds $1.5 billion, a record high

1 year ago

Optimism’s governance system makes me proud

1 year ago

More than 50% of Uniswap transactions are completed by MEV robots

The Latest
Business 2 days ago

Seeking a statutory maximum sentence of 10 years in prison for former Binance CEO CZ

Altcoins 2 days ago

Proposal PIP-010 passed, raising interest rates on all mortgage debt from 2% to 4%

Ethereum 2 days ago

A total of 3,749,835.43 ETH were destroyed on the Ethereum network

Markets 2 days ago

Before the market rebounded, USDT accounting for 3.54% of the total supply was transferred to the exchange

Markets 2 days ago

During the decline of BLUR in the past 24 hours, three whales deposited a total of approximately 7.17 million BLUR to the exchange

Crypto Assets
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFTs
Market Dynamics
  • Business
  • Markets
  • Policy
Support
  • Contact Us
  • Advertise
About
  • About Us
  • Privacy Policy
  • Terms of Service

The daily digest for crucial crypto news updates.

X (Twitter) Telegram
Disclaimer:

LockMeta endeavors to provide accurate and current information. However, due to the evolving nature of the crypto space and reliance on external sources, we cannot guarantee its complete accuracy. We advise users to conduct their own research and consult professionals before making decisions. LockMeta assumes no liability for actions based on our content.

© 2023 LockMeta.

Type above and press Enter to search. Press Esc to cancel.