Ethereum officially confirms the PoS Merge, releases ETH Mainnet Schedule

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Last Updated on August 24, 2022 by Bitfinsider

The imminent switch to proof of stake consensus has been confirmed by the Ethereum Foundation on Wednesday. According to the Foundation, the Bellatrix upgrade will take place on September 6 as previously stated, while the Merge’s terminal overall difficulty value of 58750000000000000000000 is anticipated between September 10 and 20.

Network hash rate volatility was mentioned by the Foundation as justification for the extensive timescale range. “If more hash rate joins the network, TTD will be reached sooner. Similarly, if hash rate leaves the network, TTD will be reached later.”

ETH Mainnet Schedule

All public testnets have now been successfully upgraded, according to the engineers. Also planned for the Ethereum mainnet is the Merge. An epoch height first initiates the Bellatrix network upgrade on the consensus layer. Following this, a particular total difficulty threshold known as the terminal total difficulty initiates the move from proof-of-work to the execution layer.

Node operators must run both the execution layer client and the consensus layer client in order to stay on Ethereum during and after Merge. Under the Bellatrix directory of the consensus-specs repository, the consensus layer is updated. The Foundation noted in a blog that the execution layer changes under the Paris spec in the execution-specs repository. After The Merge, validators on the Beacon Chain will also need to run an execution layer client in addition to their consensus layer clients, according to the Foundation.

Ethereum Traders Keenly Monitoring The Merge

A certain group of traders is expecting a decline in the price of ETH in the days leading up to the Ethereum Mainnet Schedule. As of this writing, the price of ETH is $1,657.15, up 0.29% over the previous 24 hours, according to data from CoinMarketCap. When compared over a period of seven days, the cryptocurrency fell by about 11.16%. At the tail end of last week, Bitcoin (BTC) experienced a dramatic fall. BTC is currently worth $21,408.36, a decrease of 0.43% over the previous 24 hours.

The Merge is anticipated to be a significant event for the cryptocurrency market, which has suffered numerous losses this year. Any big increase in the price of ETH might likewise portend a bullish scenario for the other assets.


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Hardware wallets are safe and secure devices that can be used offline. They keep your cryptocurrency offline, making it impossible for you to be hacked. To find out more on the leading hardware wallets, you may view our reviews here: Ledger & Trezor
Disclaimer: The views and opinions expressed by the author, or any people mentioned in this article, are for informational purposes only, and they do not constitute financial, investment, legal, tax or other advice. Investing in or trading cryptocurrency or stocks comes with a risk of financial loss.

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