Ethereum 2.0: Reasons Why ‘Next Month’s’ Upgrade May Be Delayed

Share This Post

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.

Subscribe to the NFT Lately newsletter to receive news covering the latest NFT drops, releases, reviews and more.

spot_img

Related Posts

Magic Eden Adopts Solana’s Compressed NFTs

Magin Eden, the distinguished NFT marketplace, recently announced its...

Friend.tech Returns With Surging NFT Trading Volumes

Friend.tech, the decentralized social media app, has shown an...

CoinMarketCap and HELLO Labs to Premiere TV Series, Killer Whales

An official trailer for the Web3 television series 'Killer...

Machi Proposes 11M $APE Sends NFTs to Museums Worldwide

An intriguing week-long vote surrounding OG NFTs kick-started today! Machi Big Brother,...

Italian Luxury Watch Brand Panerai Introduces Digital Passports Generated with NFT

Italian luxury watch manufacturer Panerai has revealed plans to include an...

Related Posts

Hot Wheels Introduces New NFT Collection: Garage Series 6

Hot Wheels, the beloved toy car brand, has launched...

Otherside Announces the Beta Launch of Legends of Mara 

Yuga Labs recently announced that they will launch a...

Hip-Hop Icons Tune into Gala Music to Drop Rare NFT Album

In the Web3 domain where hip-hop's roots are settled...

Coinscribble Review: Top Platform for Crypto Press Releases?

In the rapidly evolving world of cryptocurrency and blockchain,...

Snoop Dogg’s Bored Ape NFT Inspires New Skechers Line

Snoop Dogg and Skechers have collaborated again to release...