The second biggest cryptocurrency quicker and more strength-green.

The Ethereum 2.Zero replace has been hotly expected for years . With it, the second biggest cryptocurrency within the world desires to convert its consensus algorithm to Proof of Stake, making it quicker and more strength-green.

Actually, “The Merge” turned into supposed to take location in June 2022. It turned into currently postponed .

Preston Van Loon, a core developer, introduced on a blockchain panel that they're concentrated on August. This is suggested by means of the crypto news website online Decrypt .

"As some distance as we understand, if everything goes according to plot, August just makes sense," he said.

During the merge, the Ethereum blockchain merges with the proof-of-stake beacon chain. The network will shift from mining to staking. It requires users to deposit their Ethereum in alternate for rewards.