The date for crypto’s 'The Merge' is locked in

The most anticipated event of the year has an official date and time. According to an update on the official website of the ethereum foundation.

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The transition from the greenhouse-gas-spewing proof-of-work protocol to the relatively green proof-of-stake has been in the works for a long time. This changeover called for a huge change in the infrastructure of the platform, specifically the merging of the mainnet with the beacon chain, which would allow for ether transactions and NFT verifications.

About 12 days and 19 hours is how long it will take for that giant change to become a reality.

The main conclusion of The Merge is that one of the two major cryptocurrencies will lose most of its reputation for eco-destruction, as will most NFTs. The new proof-of-stake model is different from proof-of-work in that it doesn't involve a lot of computation. What is the purpose of proof of stake? You can read more about it here.

An operation known as The Kiln testnet will cease after an upgrade called "Bellatrix" occurs on the newBlockchain. Sometime between Sept. 10 and Sept. 20 there will be a second update.

If everything goes according to plan, most people will be able to use the new system without having to change anything.

The foundation wants everything to go as planned. According to the post, those who can find merge-related bugs are being offered four times the usual amount in bug bounties.