Illustration by Alex Castro / The Verge
The Ethereum network has been on a years-long path to switch its energy-hungry proof-of-work blockchain to a more efficient proof-of-stake system, and now its developers are suggesting a date to make the switch. It’s not final yet, but on a call streamed via the Ethereum Foundation’s YouTube page, they decided to submit this pull request proposing to make the change when the network reaches a specific difficulty mark, which should occur on September 15th or 16th.
Dubbed Terminal Total Difficulty (TTD), it specifies the mining of a particular block where the old network ends and the new one begins at 58750000000000000000000.
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