Twitter Facebook LinkedIn Flipboard 0 Tim Beiko, a core Ethereum developer, has revealed what is to be expected with the upcoming Merge that will transition the Ethereum network from a proof-of-work (PoW) consensus to a proof-of-stake (PoS) consensus. Ethereum is the best DeFi network, and The Merge is expected to further raise the total value locked (TVL) and trigger gains for Ether. Ethereum’s co-founder, Vitalik Buterin, has confirmed that the process will happen in August. Key details about the Ethereum merge Beiko said that the average users of apps and protocols within the Ethereum network would test things to guarantee that everything is working as expected. He also asked for feedback “if something is unclear or broken.” Beiko has also urged developers and users to be keen and ensure they are well equipped for The Merge. The Merge is a complex process that has been in the works for many years now. After the process is complete, Ethereum will become a “Consensus layer.” Buy Ethererum at eToro Cryptoassets are a highly volatile unregulated investment product. Ethereum hosts some of the best crypto apps, making the testing phase critical. The testing phase will eliminate cross-client issues and ensure the existing applications run smoothly after The Merge. In another Twitter thread, Beiko said that app issues were unlikely because “most of the changes affect the protocol layer, and no changes would be made to the application layer. “For the Merge 99%+ of changes affect the protocol, and there are a lot of them. By comparison, there are almost no changes done to the application later,” Beiko added. Merge will come with significant changes Beiko also highlighted the major changes that developers should expect regarding how the smart contracts will work with The Merge. One of these changes is the method of beacon randomness that runs applications. This will be crucial in switching to PoS, and it was released in an Ethereum Foundation update in November last year. The other change is reducing block times to 12 seconds per block. After The Merge, smart contracts that adopt block production speed to measure time will run a second faster. As developers expect these changes, Beiko has assured that any potential problems have already been considered and will be avoided. “Aside from cross-client testing and these two edge cases, the biggest risk of disruption is in “tooling and infra pipelines.” To achieve the transition to a PoS network, one of the first steps taken was the Beacon Chain. Beacon Chain is a crypto staking process, and so far, 12.6 million ETH has been staked. Those who have staked ETH on the network will unlock rewards earned from staking. The ETH on Beacon Chain will be unlocked after another upgrade after The Merge is complete. Related Where to Buy Ethereum Ethereum Price Prediction DEFC – Undervalued DeFi Coin in 2022 Cryptoassets are a highly volatile unregulated investment product. Twitter Tweet Facebook Share Email This article was written for Business 2 Community by Ali Raza.Learn how to publish your content on B2C Join our Telegram channel to stay up to date on breaking news coverage Author: Ali Raza Follow @ali_r1272 Ali is a professional journalist with experience in Web3 journalism and marketing. Ali holds a Master's degree in Finance and enjoys writing about cryptocurrencies and fintech. Ali’s work has been published on a number of leading cryptocurrency publications including Capital.com, CryptoSlate, Securities.io, Invezz.com, InsideBitcoins, BeinCrypto, and more. … View full profile ›More by this author:Can EOS Reinvention Hopes with Antelope Rebrand Succeed – Price Down 12%Acala Is Almost Back at 1:1 Peg after Exploit, then Burn FixSub-Par Chargers and Eye-Watering Prices Slow EV Adoption