Ethereum 2.0 struggles merging over stubborn bugs keeping miners on-chain
Aware of the ecological issues blockchain has brought to Web3, Ethereum has joined forces with Beacon Chain to create a new version of its blockchain, Ethereum 2.0. The plans include new mechanisms to make the network more scalable, secure, and sustainable.
For years, Ethereum has been promising to transition into a more energy-efficient system by switching to Beacon Chain’s Proof-of-Stake (POS) and ditching Proof-of-Work (POW). Finally, the network set its upgrade to transpire next month. However, the proposition delays yet again. Why? Over struggling booting out miners over recently found bugs.
TROUBLES BEHIND THE TRANSITION
Since day dot, Ethereum uses a unique code, ‘the difficulty bomb’, to erase miners from the blockchain. The bomb increases computing issues of underlying mining tokens, eventually making mining impossible.
The blockchain network planned on turning on the bomb yesterday to eliminate miners before Beacon Chain’s POS system slowly takes over to create Ethereum 2.0. However, developers found numerous bugs buried within the network when attempting to do so.
CONSEQUENCES OF THE DELAY
Ethereum’s developers have decided to delay turning the bomb on until having the know-how to iron out the bugs buried within the network. Unfortunately, this isn’t the first time they have detained the staking plans.
Concerning continuous false hope, crypto enthusiasts aren’t taking the news of the set-back lightly:
According to Bloomberg, the errors could push the transition back until September or October. Let’s hope the change rolls out soon; otherwise, Ethereum’s reputation could be on the line.
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