According to a soft timeline, the Ethereum merge could be implemented on the 19th of September.

This information was released on Twitter by Ethereum Beacon chain community director, Superphiz. He also noted that this timeline isn’t final and that people should look out for official announcements from the company. Once the Merge is completed, Ethereum will cease using the energy-intensive proof of work consensus and switch to proof of stake.

To make the transition smoother, Ethereum implemented slower changes. The process started with the implementation of the network’s Beacon chain, and this chain introduced proof of stake to the Ethereum ecosystem. The Beacon chain is meant to serve as the consensus layer and will coordinate the network. In addition to testing the proof of stake consensus, this chain was meant to try out scaling upgrades like sharding. Although this chain has been operating for a while, it has always existed as a separate chain from the Ethereum mainnet.

The Merge is meant to combine the Beacon chain with the mainnet, effectively bringing an end to Ethereum mining. This process will have a significant and instant impact on the carbon footprint of Ethereum since proof of stake isn’t energy-intensive.

Introduction of Sharding

Once the Merge is complete, the next step will be for the network to implement sharding. With proof of stake, the network will have a registry of all approved block producers, and this system makes it easier to reliably split up the network responsibilities. With sharding, Ethereum will be able to sort out its latency and scalability issues. Several other blockchains already implement sharding, but Ethereum will be the most prominent network to test this technology. To combat the potential of a shard attack, Ethereum will randomly assign nodes to certain shards and constantly reassign them at random times. In this way, criminals cannot know when and where they can corrupt the network.

Pros and Cons of the Ethereum Merge

There are both advantages and disadvantages of the move from proof of work to proof of stake. Here are the most important once in a short summary.

+The network will considerably lower its carbon footprint.
+It will become more scalable and will be more useful for dApps.
+The Merge will persuade more people to invest in Ethereum as it will make the network less destructive to the environment.

-The transition will render all Ethereum miners obsolete.
-Critics have pointed out that proof of stake may not be very secure.

Rating: 9.5/10
Supply: 118,780,000 / 200,000,000
Release date: August 1, 2014

Description: What do you know about Ether? Discover one of the most discussed cryptocurrencies today!

Risk warning: Trading, buying or selling crypto currencies is extremely risky and not for everyone. Do not risk money that you could not afford to loose.

What Should You Do with Your ETH Tokens?

You don’t need to do anything with your tokens because of the transition. However, you can support the initiative by staking your tokens and earning passive income. You can also help to test the upgrades to the network. The price of your ETH tokens may rise or fall depending on the level of interest in the network, but it will not be artificially set because of the Merge.

What is Ethereum?

As a reader of Crypto Lists, you may know that Ethereum is the second-largest blockchain in the world, after Bitcoin. It is highly decentralized and is commonly used to deploy dApps. Like many other blockchains, Ethereum is open-source and allows users to make peer-to-peer transactions without a trusted central authority. The native cryptocurrency of Ethereum is ETH, and this is the second biggest cryptocurrency by market cap, after Bitcoin.

Get eToro

Rating: 9.78/10
Number of instruments: 325+ instruments

Description: Trade like the pros? Do like millions of customers at eToro – try copy trading for free now!

Risk warning: 68% of private investors lose money when they trade CFDs with eToro.


The Ethereum Foundation has been planning the implementation of proof of stake for a long time. To minimise network disruption, the foundation chose to implement this change in a slow process. The new consensus mechanism is being tested on a separate chain known as the Beacon chain. This chain is likely to be merged with the Ethereum mainnet in September, but this date hasn’t been confirmed by the foundation. The merge will effectively end the use of proof of work, and this also means ETH will no longer be mined.

Ether Newsflash
    Ether transfers are down for SwissBorgEther transfers are down for SwissBorg
    Tuesday, 6 Sep 2022 4:29 pm
    SwissBorg outbound and inbound transactions are usually among the quickest for most cryptocurrencies. A BNB transfer can take less than 30 seconds, and ETH is usually quicker or at least just as fast. However, when trying to do an outbound transfer from the Read the full newsflash

    Bitcoin bounce at 20k, ETH at 15kBitcoin bounce at 20k, ETH at 15k
    Saturday, 27 Aug 2022 2:21 pm
    Those looking to buy Bitcoin just got a new floor to look out for. Bitcoin was slightly below 20 000 USD, before bouncing back to 22 000 USD. For those planning to buy Ether (ETH), the price was also the lowest in a few weeks, reaching just below 1500 USD before bouncing back. Now, it's important to keep track of the...
    Read the full newsflash

    Poloniex + Ethereum PoW = TruePoloniex + Ethereum PoW = True
    Friday, 5 Aug 2022 12:08 am
    The 32 year old founder of Tron blockchain and the owner of Poloniex, Justin Sun, has officially given support to the Ethereum´s PoW) hard fork. Before the merge of Ethereum blockchain, Justin is not the only supporter of Ethereum Proof of Work. While there are only around 2050 Twitter followers today, Crypto Lists expects this number to increase significantly the coming month. Mr Sun has promised to donate some of his ETH to the PoW ecosystem, so it can be developed further. Finally, holders of Ethereum will be able to exchange between either Ethereum as PoW or...
    Read the full newsflash

    Ethereum Classic is spiking 50% this weekEthereum Classic is spiking 50% this week
    Saturday, 30 Jul 2022 4:30 pm
    The hard-forked version of Ethereum, Ethereum Classic, has spiked 50% in a week stemming from fundamental factors such as the Ethereum Merge and a new investor. The highly anticipated Ethereum merge involves transitioning the Ethereum b...
    Read the full newsflash

    ETH - Up 45% in a week, but what´s next?ETH - Up 45% in a week, but what´s next?
    Tuesday, 19 Jul 2022 6:48 pm
    After touching both 1600 and 1500 USD during the last 24 hours, Ethereum is in a clear uptrend after breaking the important 1500-level yesterday. If holding above that level for a few days, Crypto Lists analyst Stanko think that 2000 USD is the next major resistance for the second most traded cryptocurrency. If you are into leverage and CFDs, check out Skilling (review) that offer super tight spread for ETH. Sign-up for Skilling now! Alternatively, if you prefer to trade without leverage then try Paxful instead, a...
    Read the full newsflash

Recent crypto sites
Recent crypto coins
Copyright © 2019-2022, by Crypto Lists Ltd ( Company name: Crypto Lists Limited. Address: 5 Upper Montagu Street, LONDON W1H 2AG, England.