This means that the historic switch from a Proof-of-Work to a Proof-of-Stake blockchain could take place a few days earlier than previously advertised.
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The Ethereum Foundation has revealed that the long-awaited merge will be completed between Sept. 10 and 20.
This means that the historic switch from a proof-of-work to a proof-of-stake blockchain could take place a few days earlier than previously advertised.
It comes after a series of repeated delays — and it's worth remembering that this milestone was meant to have been achieved back in 2019.
All of this has meant those who have staked Ether so they can run a validator node have faced a long wait while their crypto was locked up in the deposit contract.
Confirming that the merge is imminent, the Ethereum Foundation declared:
"Following years of hard work, Ethereum's Proof-of-Stake upgrade is finally here! The successful upgrade of all public testnets is now complete, and the merge has been scheduled for the Ethereum mainnet."
In other developments, the foundation has also announced that it is quadrupling the bug bounties that are rewarded to people who discover vulnerabilities before the merge.
All of this means that those who uncover critical bugs could end up receiving $1 million.
