At a Web3 event this week, a core Ethereum developer said he expects the cryptocurrency to move from its current proof-of-work model to proof-of-stake in August. The.
Why it matters: Last month, PC gamers and crypto enthusiasts learned they would have to wait a bit longer for Ethereum to switch to proof-of-stake. Now, developers have a new date for «the Merge», which should make the cryptocurrency use less energy and no longer require PC graphics cards for mining. At a Web3 event this week, a core Ethereum developer said he expects the cryptocurrency to move from its current proof-of-work model to proof-of-stake in August.
