Ethereum Foundation Announces Official Date for the Merge

The Ethereum Foundation has confirmed that the long-awaited Merge is expected to come sooner than previously expected.

“Following years of hard work, Ethereum’s proof-of-stake upgrade is finally here! The successful upgrade of all public testnets is now complete, and The Merge has been scheduled for the Ethereum mainnet.”

According to a new blog post, the mainnet migration to a proof-of-stake network will complete between September 10 and 20 with the Bellatrix upgrade, which is responsible for setting the Merge in motion, and will be activated on the Beacon Chain.
The Foundation revealed that the activation is slated for epoch 144896 on the Beacon Chain, which should occur at 11:34:47 AM UTC on September 6, 2022.
Following this, the execution layer’s portion of the transition, Paris, will be triggered by the Terminal Total Difficulty (TTD) value of 58,750,000,000,000,000,000,000.
The team reiterated that the exact date for Merge would be determined by the Proof-of-Work (PoW) hash rate. As such, the more hash rate joins the network, TTD will be triggered sooner.
Contrarily, TTD will be delayed if the hash rate leaves the network.
The Ethereum developers had earlier speculated that the date for the transition could be around September 15-16.
Ahead of the planned schedule, critical bugs in the mainnet update of the ETH clients, the Nethermind and Go ETH, were discovered recently.
The developers, however, managed to provide a fix just a day after detection.

The post Ethereum Foundation Announces Official Date for the Merge appeared first on CryptoPotato.

Leave a Reply

Your email address will not be published. Required fields are marked *