Ethereum’s merge could come by August in anticipation of the “difficulty bomb,” according to developers of the platform.
ETH is up 1.74%, while BITO is down 0.54%.
Co-Founder Vitalik Buterin said the merge is unlikely to happen in June as earlier anticipated but will be in August. It could be pushed back to September or October should there be any potential risks.
Core Developer Preston Van Loon also said the merge is expected to be completed by August, should everything go according to plan. It is expected as soon as the platform can if the difficulty bomb will not have to be moved.
The difficulty bomb is expected to decelerate processing in the network, but it will push developers to push for the shift into proof of stake. This will make it harder for miners to stay on the proof of work chain.
The merge to a proof of stake chain has been long delayed, with market watchers closely monitoring its completion.