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Ethereum Founder Buterin Forecasts Blockchain Merge on Sept. 15

  • Final test known as Goerli was completed earlier this week
  • Developers are expected to set a definite date next week
Vitalik Buterin
Vitalik ButerinPhotographer: Chet Strange/Bloomberg

A much-anticipated software upgrade of the Ethereum blockchain, known in crypto as the Merge, is now likely to happen around Sept. 15, according to network co-founder Vitalik Buterin.

The Merge represents a transition in how Ether tokens are minted and transactions are validated, away from mining blocks using complex computational puzzles under the proof-of-work method and toward proof-of-stake. Under the POS method, Ether holders can sign up to validate transactions on Ethereum based on stashes of locked up tokens.