Ethereum upgrade will happen in August

The mass update of the Ethereum network will take place in August 2022. This information was reported by one of the developers of the protocol for this cryptocurrency.

The implementation of Proof-of-Stake, according to Preston Van Loon, will be held at the end of the summer. The developer of the Ethereum core spoke about this at a DeFi conference held this week.

Ethereum 2.0 is just a few steps away. The network is currently being tested before the merger. Developers deal with network scalability issues. Thanks to updates in the blockchain, up to 100,000 transactions can be processed every second.

Recall that the deployment of updates on the way to Ethereum 2.0 began at the end of 2020. This was done to reduce the burden on the blockchain and reduce fees.

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