The transition of Etherium (ETH) to PoS is scheduled for August this year

An Etherium transition to PoS is scheduled for as early as August of this year. At the Permissionless conference, the Etherium Developer Council said that the transition to Proof-of-Stake consensus could happen as early as August this year, “if everything goes according to plan. The team hopes to make the transition before a so-called “complexity bomb” worsens the network’s performance. A “difficulty bomb” is a procedure that gradually makes mining ETH coins more difficult. It is divided into several stages, each of which increases the time for block validation. As of today, the speed of creating a new block is about 13 seconds. “Complexity bomb” – made on purpose to gradually force miners to leave the first generation network and switch to the new one. The information about the merger was also confirmed by Vitalik Buterin, the founder of the Etherium network.