Tuesday, December 6, 2022
HomeETHEthereum co-Founder says The Merge is nearer

Ethereum co-Founder says The Merge is nearer

The Merge is anticipated to occur between September 13 and 15, according to a tweet sent on September 6 by Ethereum co-founder Vitalik Buterin. The Merge will occur no earlier than September 15 due to the rise in the network’s hash rate. Today at 11:34:47 UTC in epoch 144896, the Beacon Chain will undergo the Bellatrix upgrade. Prior to the Bellatrix hard fork, the price of ETH increased by over 6%.

Ethereum co-founder Vitalik Buterin tweeted:

“The merge is still expected to happen around September 13-15. What’s happening today is the Bellatrix hard fork, which *prepares* the chain for the merge. Still important though – make sure to update your clients! “

The preparation for the merge has reportedly gotten close to 99%, according to OKLink’s Ethereum The Merge Countdown. Additionally, at 892.23 TH/s, the network hash rate is still higher than the required amount of 872 TH/s, which is required to cause the merging of the Ethereum Mainnet and Beacon Chain at the specified terminal total difficulty (TTD) of 58750000000000000000000. The Beacon Chain (consensus layer) is ready to integrate with the Ethereum Mainnet thanks to the Bellatrix hard fork (execution layer). After the hard fork, all nodes must upgrade their clients in order to effectively validate blocks. The protocol changes as a result of the hard fork.

The execution layer will undergo the next upgrade, known as the Paris hard fork. The Merge will occur between September 13 and 15. The anticipated date is September 15, according to the Ethereum Foundation’s suggested merge date tracker. The hash rate affects how the data changes. But September 14 is the most likely day.

Read more at Cryptoshrypto:

Ethereum co-founder Vitalik Buterin says crypto will be as volatile as gold

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