Tether to Support ETH 2.0 Amid Widespread Speculations of Merge Delay

In response to numerous rumors that the Merge may be postponed again, Bitfinex and Tether’s chief technology officer Paolo Ardoino declared on Sunday that Tether plans to support ETH 2.0. Although the Merge has been postponed repeatedly, developers claimed it is now anticipated to happen around the week of September 19, although the exact date is not yet known. The Merge, which will change Ethereum to a Proof-of-Stake (PoS) consensus method, should result in a 99.7% reduction in the network’s electricity use. Since the Georli and Sepolia testnets have not yet switched from the Proof-of-Work (PoW) consensus process to the Proof-of-Stake (PoS) consensus mechanism, there has been increased speculation that the Merge may be delayed over the weekend. Additionally, according to a study published by cryptocurrency hedge fund Galois Capital, over 33% of respondents anticipate a split of Ethereum into two chains. I meant that we plan to support ETH2. — Paolo Ardoino 🕳🥊 (@paoloardoino) July 31, 2022 Ethereum Closer to ETH 2.0 with Ropsten Testnet Merger With the Ropsten testnet Merge, Ethereum’s largest smart contract blockchain moved closer to becoming a PoS network. Ropsten, one of Ethereum’s oldest testnets, has successfully combined the PoS Beacon Chain with the PoW execution layer. Ropsten is one of the final testnets before Beacon Chain’s Merge with the Ethereum mainnet, which is anticipated to go live in early August. The Merge...