Ethereum "Merge" in September; DeFi Day

Ethereum developers had a conference call yesterday regarding the major "Merge," when Ethereum will switch from proof-of-work to proof-of-stake. Tim Beiko, the team's leader, said September 19 is the "tentative merger date," via Cointelegraph.

When Cointelegraph reported "Ethereum programmers confirm The Merge date,"

My brain took that as: "Ethereum programmers confirm The Merge date forever" The Ethereum blockchain will "merge" with the Beacon Chain, which was created in December 2020. The Merge was originally scheduled for June, but it's been delayed twice.

Ethereum is important (literally). Developers should take their time rather than rush and ruin things. I admire a project that sets its own goals instead of creating a "minimum viable product" to placate investors.

The final Merge trial is scheduled for the second week of August on the Goerli network. After its merging, the formal Merge in September would become a developer priority.

ETH is a top crypto major in the past 24 hours. It was up 12% when I checked midmorning, but it's since cooled to +5% (along with other cryptos).

Polygon (MATIC-USD) has slowed down, +0.3% in 24 hours. MATIC is up +25% after Polygon was picked for Disney's 2022 Accelerator Program (NYSE:DIS). Polygon was the only blockchain picked; the others included NFTs, metaverse, or augmented reality.