Ethereum is making headlines these days ahead of an important update. It’s been reported that ETH devs put forward a timeline for the smart contract platform to merge the proof-of-stake system.
Ethereum core developer Tim Beiko says the ETH Merge is currently planned for September 19th.
Beiko’s timeline was shared by another ETH developer, noting that the schedule of the Merge is not set in stone.
ETH makes headlines ahead of update
“This Merge timeline isn’t final, but it’s extremely exciting to see it coming together. Please regard this as a planning timeline and look out for official announcements!”
The highly anticipated event will allow Ethereum’s mainnet to merge with its Beacon Chain, which already runs the proof-of-stake system.
There’s another interesting issue that is worth discussing. According to the Ethereum co-founder Vitalik Buterin, the smart contract platform will eventually be capable of facilitating 100,000 transactions per second via second-layer solutions following the completion of the upgrade.
“More than 13.1 million ETH worth more than $15.93 billion has been staked into the ETH 2.0 deposit contract at time of writing, according to the Ethereum search engine Etherscan.”
Regarding ETH’s price today, at the moment of writing this article, ETH is trading in the green, and the coin is priced at $1,354.
Ethereum in the news
It’s been revealed that an Ethereum scaling solution has been just chosen for an important program these days. Take a look at the latest exciting reports coming from the crypto market.
The Walt Disney Company revealed its plans to support a surging crypto project through its new accelerator program.
Ploygon (MATIC) takes part in 2022 Disney Accelerator class
It’s been revealed that Polygon (MATIC) is one of six participants in the 2022 Disney Accelerator class, which will focus, in part, on non-fungible token (NFT) development.
According to the latest reports, this year’s Disney Accelerator class is focused on the following:
“building the future of immersive experiences and specializes in technologies such as augmented reality (AR), non-fungible tokens (NFTs), and artificial intelligence (AI) characters.”