The second largest cryptocurrency Ethereum We are approaching an important turning point for us.
The effects of Ethereum’s transition from POW system to POS on the market have been discussed for a long time.
Hours are left for Merge, the merge that represents Ethereum’s transition to POS.
The merger is expected to occur once the Ethereum network reaches terminal difficulty of 58,750,000,000,000,000,000. The current terminal difficulty is 58,715,534,392,569,266,172,255.
According to calculations on the network, Merge is expected to take place in the first hours of tomorrow morning.
Estimated merging time (subject to change): 15 September 08:00 CEST
You can check this link for the update time: https://bordel.wtf/
Merge means merger. Ethereum Mergealso known as the second phase of the ETH 2.0 update, is the merger of the existing Proof of Work (PoW) mechanism with the Proof of Stake (PoS) mechanism.
In other words, the name of the update that will enable this merger and start the Ethereum 2.0 process is called “Merge”.
How Will the Ethereum 2.0 Transition Happen?
This transition period, which started on 1 December 2020, consists of certain stages.
In the first stage, miners working in the PoW system and validators working in the PoS system will continue to work in parallel.
In the second phase, PoS validators will start to take over the transactions. In the third stage, the process will be completed by registering the accounts and smart contracts on the PoS.
What is Ethereum 2.0?
What is Ethereum Merge?
How Will the Ethereum 2.0 Transition Happen?
When Will Ethereum 2.0 Happen?
What Will Happen with the Migration to the PoS System? What is the Benefit for Ethereum?
What Will Ethereum Miners Do?
What is the Difference Between Proof of Work (PoS) and Proof of Stake (PoS) To Be Passed In Ethereum 2.0?
What Will Happen to Legacy ETHs When Ethereum Switches to 2.0? What Should Investors Do?
What Will Be the Ethereum 2.0 Roadmap After Ethereum Merge?
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