The Ethereum Foundation has at long last, completed the third and final test merge on the Goerli test network. After several years of delay, it seems that the transition is really, truly at hand, the day that Ethereum slips out of proof-of-work (PoW) and into proof-of-stake (PoS).

The trial run for the merge was completed, during the earlier hours of August 11th. This was achieved by merging code on Georli with the testnet PoS-built fork Prater, updating the client software on both sides in the process. The success of the merge was concluded when Goerli hit a total difficulty of 10,790,000.

This successful testnet merge finally confirms what has been speculated for so long: that the Ethereum 2.0 transition would occur sometime during the fall of 2022.

Ethereum logos distributed across a world map to represent the Ethereum Goerli Success

Yes, folks. This time it’s absolutely for real. In fact, Ethereum Foundation member Time Beiko suggested that the most likely date for the transition would be September 19th.

While it sounds quite radical now, it was quite understandable prior to this announcement why people were not really expecting anything out of the test merge. The development of the trials and updates have been years long in the making, and even after an ultimatum was announced sometime after October 2021, the merge still remained a far dream.

It didn’t help that this was also the time when Ethereum mining was at an all-time high. There was crazy demand for modern consumer graphics cards like Nvidia’s RTX 30-series, which are very efficient at mining the cryptocurrency.

Many folks who were not as up-to-date with crypto events started to feel paranoid that the delay was a deliberate attempt to keep Ethereum 1.0 (PoW) for as long as possible.

Predecessors of the Ethereum Goerli Success

Prior to the Georli/Prater testnet merge, several other successful merge trials were conducted this year. These were the Kiln testnet merge (March 16th), Ropsten testnet merge (June 8th), and Sepolia testnet merge (July 6th).

The most significant advantage of transitioning to Ethereum 2.0, or at least the most expected one, is the predicted 99.9% reduction in energy usage.

This is because, with PoS, you no longer have to rely on math-crunching hardware to facilitate transactions and operations. Users would simply stake their assets, and then receive rewards for the completion of the same tasks.

The Ethereum Foundation also introduces the idea of “sharding”, or a scalability feature that allows the network data to be (securely) pieced into more manageable sectors. The organization expects that after the merge, this upgrade would be available sometime during 2023.

In any case, all eyes are on the Ethereum network now. In fact, at the time of the successful Georli/Prater testnet merge announcement, ETH jumped in price to $1912, a 13% bump over its value yesterday.