The Ethereum ecosystem is becoming increasingly confident that there will be no delay in the Ethereum merger set for mid-September.
Ethereum Developers Have Executed the third and final test merge On the Goerly Test Network. This latest development means that the Ethereum network is on track to execute the Ethereum merger set in mid-September.
The move is the last step before the mainnet merge that will see Ethereum transition from Proof-of-Work (PoW) consensus to Proof-of-Stake (PoS).
The broader cryptocurrency market is eagerly awaiting the Ethereum merge event with the hope that it will make the Ethereum network more energy efficient and cheaper to use.
Ethereum developers simulated the merge on Thursday, August 11th earlier on Goerly, effectively switching from PoW to PoS consensus.
Developers merged Goerly’s code with its POS-based fork, called Prater, in a task that involves both chains of node operators updating their client software in tandem.
Once Goerly Merge is activated, the success of the program will be determined after a thorough evaluation of the advanced network.
Ethereum developers have been preparing for a massive merger over the past few months. During that period, the core developers performed the merge on two different testnets, Cepolia and Ropsten.
The test merge event allowed developers to test whether the client software used to run the Ethereum nodes could run normally and without bugs.
The Goerly trial is the third and final test and will be followed by the official mainnet merge in a few weeks. This is as per the official schedule decided by the developer team of Ethereum. This last upgrade is expected in September.
Ether, the native token of the Ethereum blockchain, has performed well since the development team announced the date of the merger.
At press time, ETH is trading at $1,890, up by over 12% over the past 24 hours. Several cryptocurrency exchanges, including Binance, have already announced support for the upcoming Ethereum merge.