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Ethereum on Track for The Merge on Sept. 19
July 16, 2022
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After delaying the difficulty bomb, Ethereum developers have floated Sept. 19 as the new estimated date for deploying The Merge.
Two-Month Countdown for The Merge
During the latest Ethereum developers meeting on Youtube, Ethereum developer Tim Beiko suggested Sept. 19 as the expected target date for The Merge and did not face any objections from core developers.
Additionally, Ethereum developer superphiz.eth has also posted about the specific merger roadmap. Before that, Ethereum will test The Merge on the third testnet, Goerli, around August 11.
Overall, The Merge has been expected for a long time and began its rollout with tests in April, followed by launches on the Ropsten and Sepolia testnets in June and July. However, the plan was delayed from its original August deadline due to various technical glitches in both Ethereum 2.0's Beacon Chain and Ethereum 1.0's testnet.
So, to have more time to prepare and check for other bugs, the Ethereum team decided to delay the “difficulty bomb” mechanism through the Gray Glacier hard fork event at the end of June. The difficulty bomb mechanism increases the difficulty of mining ETH, to push miners out of the network and clear the way for the transition to a Proof-of-Stake (PoS) mechanism. This is a mandatory step before ETH evolves into Ethereum 2.0.
While Sept. 19 is a specific date, the overall timeline for The Merge remains tentative. If technical problems persist, Ethereum developers can still delay the difficulty bomb schedule and push The Merge to the end of the year.
In the opinion of many experts, The Merge is the only meaningful blockchain event remaining in 2022 after a period of market correction and negative outlook in the second quarter.
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Terraform Labs Founder Do Kwon Appeals Extradition Decision in Montenegro
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December 6, 2023
The appeal will be reviewed by the Montenegro court, and the Montenegrin Ministry of Justice faces challenges in reaching a conclusive decision by the December 15 deadline.
Kwon Do-hyung, the founder of Terraform Labs (TFL), has filed an appeal against the recent extradition ruling made by the High Court of Podgorica in Montenegro, according to a local South Korean media outlet.
The Montenegrin Court of Appeal confirmed on December 6 that Kwon Do-hyung contested the decision, stating, “I do not accept the court’s decision to extradite me, so I do not submit to the court’s decision.”
This appeal prompts the Montenegrin Court of Appeals to reassess the extradition decision, introducing uncertainty into the resolution timeline.
Extradition Request and Timeline
The court initially approved Kwon’s extradition request on November 24, stipulating his transfer to either the United States or his home country, South Korea.
The current appeal has altered the decision-making timeline, making it challenging for the Montenegrin Ministry of Justice to finalize the extradition destination before the December 15 deadline.
During the extradition trial, Kwon expressed a preference for being extradited to South Korea, a request that was granted by the court. However, the appeal has extended the timeline, potentially rescheduling the extradition proceedings to January, according to Crypto Times.
Despite Kwon Do-hyung’s appeal, local observers in Montenegro suggest slim chances of overturning the extradition decision. A prevailing belief among Montenegrin government officials and judiciary figures is that Kwon’s continued detention attracts undue attention.
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