Ethereum, the world’s second-largest cryptocurrency, will undergo a major event next month. The Ethereum Merge will shift the currency’s mechanism from proof-of-work to proof-of-stake, scheduled between 10-20 September. Investors eagerly await the Merge as the currency will enter a new phase and provide users with a unique experience. As the event inches closer, the market scenario witnesses high tension and fluctuating prices. BeINcrypto reports that the Ethereum developers have identified several bugs as Péter Szilágyi, a Team Lead at an open source platform, Ethereum, took to Twitter to point out the flaw. Later, Daniel C, an Ethereum Core Developer at Ethereum research and engineering company Nethermind, replied to Szilágyi’s tweet stating similar problems.
Developers found the reason behind the bug
Szilágyi later informed about the identification of the reason behind the bug. BeINcrypto reports that Geth v1.10.23 is released to terminate regression. Go Ethereum is an open-source project that involves GitHub developers; it provides community updates and sorts the communication issues in the network. Ethereum merge is one of the most anticipated events among the crypto community; reports suggest that the Merge will result in up to a 99.5% decrease in energy consumption and boost the network’s speed. The Ethereum Foundation earlier released the official dates for the Merge; it will undergo between September 10-20.
Ethereum merge will eradicate several glitches
The crypto experts have assured users of enhanced experiences after Ethereum’s Merge. BeINcrypto reports that Vitalik Buterin, the Ethereum co-founder, is fond of the proof-of-stake mechanism; he believes the new protocol will provide better security and more decentralization. The entire crypto community is hopeful for Ethereum’s better future after the Merge, the users might witness minor technical hurdles initially, but they will have a ball. Several Reddit users, including crypto companies and prominent personalities, have voiced their support.