Ethereum network’s much-anticipated shift to proof-of-stake not expected in June

Ethereum

core developer

Tim Beiko

confirmed on Twitter on April 13 that the much-awaited Ethereum’s transition to proof-of-stake will not take place in June. Beiko said that the process may take a few more months to finally transit to the PoS consensus mechanism, and there is no certain date that can be told. However, he affirmed that the company is in the final stages of the Proof-of-work model.


Beiko’s tweet comes just a couple of days after Ethereum's first mainnet Shadow fork went live on April 11 while the Ethereum Developers continue to work on the transitioning of the world’s second largest crypto network to a proof-of-stake (PoS) model. According to Parithosh Jayanthi, an

Ethereum Foundation

developer, the shadow fork will help in the PoS transition in the following ways :

• It will provide a way to check if the assumptions work on existing testnets or mainnet and to check the estimations around syncing and state growth.
• The Shadow fork resulted in a dry run of the network’s upcoming shift in consensus mechanisms.
• Jayanthi also reported that three recent shadow forks of Ethereum's Goerli testnet revealed bugs that still need to be worked out before the update is finally ready.
• He also alerted the users that the shadow fork will share some of the data with the main Ethereum network, so some transactions could appear on both chains.
• Beiko said that the purpose of the Shadow fork is to determine the timing of the final merge.

Ethereum has been working on a multi-stage shift to a PoS consensus model which will replace the current proof-of-work (PoW) mechanism. In the PoS model, transactions will be validated by nodes run by stakers in lieu of miners. The transition is expected to significantly reduce the power consumption of the network, besides reducing the gas fees and increasing transactions throughput.


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