Ethereum Merge Countdown at T-20 Days

Ethereum Merge Countdown at T-20 Days

The merger of Ethereum - for years in development as one of the most complicated undertakings of cryptocurrency - is progressing quickly.

How the Artemis-1 rocket of the NASA Auf der Starting ramp in Cape Canaveral, Florida, the preparations for Ethereum Fusion-are also planned for Thursday, September 15th-before the start of the lunar orbit on Monday.

The long-awaited transition from the founding proof-of work transaction validation mechanism The blockchain to the Proof-of-Stake is now planned for September 15th. In the weeks before the merger, there was a remarkable upward trend in both ether spot trading volume and derivative bets, bets that depend on their result, since traders put considerable capital into their predictions with great money.

Ethereum successfully brought together the ropston and Goerli test nets and 11 "shadow forks"- the last of them took place last week before a meeting of the core developers of the protocol.

The final Merge-Ready-Clients were Unveiled Tuesday from the Ethereum Foundation Mainnet merge-ankunchung .

An Ethereum-Client "checks data based on the protocol rules and keeps the network safe", according to the Foundation The merging requires updates for clients on both the Beacon Chain-the new Proof-of-Stake (POS) consensus layer-and the execution layer, clients that are currently executing the existing Proof-of-Work (POW)-MANNET of the blockchain.

Nevertheless, on the execution level, GETH - short for Go to Ethereum - Rel = "NOFOLLOW NOOPENER" TARGET = "_ blank" href = "https://ethernodes.org/"> 75%, all Ethereum-nodes. The reasons for the promotion of customer diversity became clear when the Geth-Team found this out A critical error Publication.

Ether decreased by almost 3 % in a short time after the news of the large vulnerability was spread on Tuesday.

The software was quickly fixed and should not have any negative effects on the merger. The Ethereum Foundation has charged A bug- bounty program until September 8, with up to 1 million US dollar for developers, the critical merge-related errors are uncover.

What happens next?

The light fire chain is planned to subject an upgrade called Bellatrix on September 6th. This will activate the Merge crossing in the POS chain.

The Pow-Minnet does not have a fixed time to carry out the merging, but instead uses a scary sounding technical term-Total Difficulty-to determine exactly when the magic happens. This number has now been set, and it sets The best estimate for the completion of these parallel chains-known as Paris-Upgrade-shortly after 1:00 a.m. ET on September 15th.

The exact time is based on the mining hashrates between now and then fluctuate. But the upcoming end of the pow mining on Ethereum so far not set a lot of a delle on its hashrate, which between 900 and 950 terahashes per second (Th/s) has remained stable.

When Artemis 1 encounters problems during its first two-hour start window, this is the case Two more opportunities , on September 2nd, 5th, 5th. to pull everything through. Since this maiden voyage is unmanned, the only victim is money.

The design of Ethereum gives developers more scope to delay the merger if necessary. A market capitalization of $ 200 billion rides at a smooth start.

If the recent history is a clue, the watch will tick unstoppable towards the politically tasty energy -efficient future of Ethereum. A crypto moon mission for which everyone is on board except Pow-Miner.

. .

The post-thereum merge countdown at T-20 Days is not a financial advice.