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ETH PoW is almost dead. We’re in the multi-client test net stage now. We’re rehearsing the switch multiple times on test nets to make sure it goes perfectly sin
by zionic 5y ago
ETH PoW is almost dead. We’re in the multi-client test net stage now. We’re rehearsing the switch multiple times on test nets to make sure it goes perfectly since there’s no takebacks on prod.
The bellow comment calling it “vapor ware” is ignorant.
- 2pEXgD0fZ5cF 5y ago> ETH PoW is almost dead. I've been reading variations of the line "Ethereum is only weeks/months away from Proof of Stake" since probably early 2019. Also doesn't Proof of Stake introduce another set of problems?
- zionic 5y ago> Ethereum is only weeks/months away from Proof of Stake" since probably early 2019. No, you haven’t. POS was, at best, a year plus away in 2019. No one credible was suggesting “weeks” back then… the beacon chain wasn’t even close to live yet. ETH2’s beacon chain launched in Dec 2020 successfully, and has been running over a year in parallel with tens of billions in staked currency protecting it. This launched on time. The plan was originally: 1) beacon chain 2) sharding 3) the merge The merge is when PoS takes over for PoW. The roadmap was changed in mid 2021 to push #3 before #2. That’s what’s about to happen, and I would even now put it in “months” . It won’t be “weeks” until a merge block # is announced, which will itself be weeks after the announcement of a successful testnet campaign (often multiple).
- 2pEXgD0fZ5cF 5y ago> No one credible That's the main problem when it comes to this topic, isn't it?
- zionic 5y agoI can’t help you if you ingest random internet comments in Bitcoin maximalist communities as gospel.