Ethereum co-founder Vitalik Buterin recently said that the team is working on five long-term stages that will enhance the network’s overall functionality. The long-awaited Merge is the first thing on the schedule; it is 90% finished and only needs to be tested on Ropsten, according to him.
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Buterin described the enhancements the development team is working on for both the short- and long-term during the ongoing annual Ethereum conference.
The co-founder of Ethereum pointed out that the majority of the testing had been completed in advance of the protocol’s long-awaited transition from PoW to PoS later this year.
Moreover, he went on to claim that Ropsten testing of the Merge is the only thing remaining to do and that it will “happen quite soon.”
The 9th shadow fork recently went live, signaling the beginning of The Merge’s final testing phases. Most recently, TheCoinRise reported that Ethereum’s transition to PoS is set to happen on September 19 as a group of Tim Beiko-led Ethereum Developers agreed on a conference call on Thursday.
Ethereum still got no “official” announcement
However, Ethereum Beacon chain community director, Superphiz stressed that The Merge “timeline isn’t final” and that the investors should still only focus on the official announcements.
Buterin continued by saying that after the Merge takes place, validators would be free to begin withdrawing the ETH they had locked in deposit contracts. Moreover, they can also create an ETH client that is completely unaware of the proof of work phase.
According to Buterin, the Surge phase of Ethereum’s plan will concentrate on sharding to expand the network’s scalability for rollups.
Recently, Buterin also came out to defend Ethereum by stating that ETH is not a security and that such claims by “PoW proponents” are “unmitigated bare-faced lies.”
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