The developers seem to have a definitive answer to the question of when Ethereum Merge will occur. Although it was previously said that the date may be the 19th of September, it was unknown and subject to change. And there was the possibility of a further delay.
Earlier on Wednesday, Ethereum completed the Goerli testnet Merge update. The improvement brings the transition to the proof of stake mechanism one step closer. The new technique might, among other benefits, improve network efficiency and scalability.
The developers seem to have hinted at a more precise schedule for the Merge on Thursday. The Ethereum Foundation has indicated that the network upgrade might occur a few days sooner than expected if everything goes according to plan. Using the terminal total difficulty (TTD) of 5875000000000000000000, a date between September 15 and 16 may be determined.
By switching Ethereum from proof of work to proof of stake, the event became highly anticipated in the cryptocurrency world. Before the developers’ conference call earlier in the day, a revised main net upgrade date was widely anticipated.
“The Ethereum main net merge is provisionally set for TTD 5875000000000000000, which indicates that Ethereum may be merged on September 15 or 16. The earlier anticipated date was September 19.”
In the meanwhile, the Ethereum (ETH) price seems poised to surpass $2,000 as the community anticipates the next update. On Thursday, ETH peaked at $1,920, sparking prospects for a further increase.
According to CoinMarketCap, the cryptocurrency is now trading at $1,904.43, up roughly 4% in the previous 24 hours. In the last week, the ETH price increased 19.67% as crypto investors went positive in anticipation of the main net upgrade.
During the conference call, the developers announced that the first Bellatrix update will be finished around September 6. The second update is slated for the 15th of September, following which the Merge will occur.
02 Feb 2023
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