Ethereum's long-awaited transition from Proof-of-Work (PoW) algorithm to Proof-of-Stake (PoS) is now postponed to Q3, according to Tim Beiko, an Ethereum Foundation developer. While the reason behind the delay remains unclear, Beiko stressed that Ethereum is "definitely in the final chapter of PoW."
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Previously, Parit Hosh, Validator Whisperer at the Ethereum Foundation, told news outlets that the Kiln testnet will likely be the last public testnet before the upgrade. The latest testnet period may last up to three months presuming all goes well.
Earlier in January, the Ethereum ecosystem rebranded its terminology from "ETH 2.0" terminology into "consensus layer." According to a blog post, the developers decided to rebrand the ecosystem as its initial terminology created "a broken mental model for new users."
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