The difficulty bomb served two main purposes. First, it created a deadline for developers to complete the transition to proof-of-stake, preventing the network from becoming stagnant. Without this pressure, there may have been less urgency to deliver the upgrade. Second, it discouraged miners from continuing on the old proof-of-work chain after the switch, reducing the likelihood of a contentious hard fork that could split the Ethereum blockchain into two competing chains.
Ethereum completed its transition to proof-of-stake on September 15, 2022, through an upgrade known as the Merge. Since the network no longer relies on mining, the difficulty bomb is no longer active or relevant to Ethereum's operations. It has fulfilled its intended purpose and is now part of Ethereum's history.
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