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The transition to the new Ethereum production algorithm will take place in August

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Vitalik Buterin (a person does not want to call himself Vitaly), the creator of the largest alcohol capitalization, said that the transition of the Ethereum network from the current Proof-hour algorithm to the new Proof-OF-Stake will take place this August. He made such a statement during the summit in Chinese Shanghai.

This is far from the first news about the change of the algorithm, but now the direct creator has voiced the deadlines. There is a chance that something unexpected can happen, and then the update will be postponed maximum from October 2022, but they will not be pulled further. The miners of the “broadcast” had very little time left for mining.