Ethereum developer confirmed the date of the last testnet before The Merge

The official transition of the second largest cryptocurrency project to Proof of Stake (PoS) is getting closer.

One of the main developers of Ethereum - Tim Beiko revealed the details of the merger of the Goerli / Prater test chain with Beacon Chain. The merger is to be completed in two phases - the first will start on August 4 this year, and the second will run from August 6-12 of the same year. The upcoming testnet will be the last one before the official update of the project led by Vitalik Buterin, which was scheduled for September 19, 2022.

Ethereum (ETH) developer confirmed the date of the last testnet before The Merge

The second-largest cryptocurrency project is at the final stage of its upgrade path, where it will change the PoW-to-PoS consensus mechanism. One of its main developers - Tim Beiko confirmed the dates of the last testnet.

The test chain called Goerli / Prater is to connect to the Beacon Chain in two phases. The first one will start on August 4 this year. It will be accompanied by a Bellatrix update on the consensus layer. The second phase will end on August 6-12, 2022. In this phase, the executive layer will move from PoW to PoS.

The Goerli merger will differ from previous testnets integrations in that node operators will need to update runtime clients and their tandem consensus layer.

The Merge launch date

Connecting the last test network will only affect its participants and node operators. People who have and bet their Ether (ETH) will not have to do anything. If all goes to plan, The Merge will go live on September 19, 2022. However, this is an approximate date and may change depending on the results of Goerli's testing.

ETH in a counteroffensive

There has been a significant increase in daily activity on the Ethereum network recently. According to data provided by analysts from the Santiment platform, new ATHs have been established in this respect. It exceeded the previous one from 2018 by almost 50%.

Ether currently trades around $ 1.7 thousand. It has increased by nearly 90% since its low of $ 896 this year. In turn, it is still separated from the all-time price record of November 2021 by a deep gap, currently amounting to almost 65%.