You might wonder when is Ethereum 2 merge date Ethereum 2 is now one step closer to its much-anticipated proof-of-stake transition.
When is Ethereum 2 merge date?
The Ethereum merger and transition to Ethereum staking is one of the most anticipated crypto events, Ethereum is about to upgrade to version 2.0, but when is the Ethereum merge date?
With the launch of Ethereum 2.0 (known as Serenity), ETH will soon move away from the proof-of-work (PoW) algorithm which is also used in Bitcoin mining. Instead, it will move to Proof of Stake (PoS) and Ethereum Stake. According to Ethereum, the upgrade will bring changes that make the currency “more scalable, secure and sustainable.”
The full launch of Ethereum 2.0 is not expected to happen until at least 2023 after the first phase kicks off in 2020.
The next step in the Ethereum upgrade is the Ethereum merge date. According to the latest arrangement, the Ethereum merger will take place between September 10 and 20, 2022.
The full launch of Eth2 is still subject to change, especially after already suffering more delays.
Even after the merger, Ethereum 2.0 will not be complete. In an interview with the Bankless Podcast, Vitalik Buterin described the current progress on Eth2: “I would say around 50[%]. I'd be willing to go past 60 once the merge is fully complete, and I'd be willing to go past 80 once we have a full sharding implementation.”
Ethereum 2.0 is currently running on the testnet, and holders have staked over 13.5 million ETH.
Is Ethereum 2 a new coin?
Ethereum 2.0 is not a new currency and will not change the amount of ETH you hold.
As far as Ethereum and Ethereum 2.0 are concerned, Eth2 is just an upgrade that will improve the Ethereum blockchain.
It will affect Ethereum miners more than holders, as the shift to PoS will see "staking" take over from "mining" to approving transactions on the Ethereum blockchain
So I hope you will now know when is Ethereum 2 merge date and whether is it a new coin or not. Ethereum 2.0 will not introduce a new cryptocurrency or coin to replace your current ether.
