Eth2 transition accelerates amid rumblings of a miner rebellion.

[Malam90]

Ethereum appears to be hastening its transition to Proof-of-Stake, with developer Mikhail Kalinin publishing the specifications for the chain merge with Eth2.

Ethereum’s developers appear to be hastening the network’s shift toward Proof-of-Stake consensus and away from the Proof-of-Work mining community.

On March 11, developer “Mikhail Kalinin” published specifications for Eth2’s future blockchain merge with the existing Ethereum network. The documentation notes the consensus upgrade from PoS to PoW will be the core change enacted.

The publication of specs comes as tensions between Ethereum miners and developers ramp up. Miners stand to lose significant revenue with the transition to proof-of-stake, while Ethereum’s developers are keen to ameliorate the persistently high fees and congestion on Ethereum. Source Link