The Merge Is Coming: Ethereum Foundation Announces Date for the Mainnet Upgrade

After years of development and anticipation, the Ethereum Foundation has finally disclosed the official timeline for the mainnet “merge” of the Ethereum chain.

The Merge Is Coming

In a blog post on Wednesday, August 24, Ethereum Foundation announced that the long-awaited mainnet merge event will begin with the Bellatrix upgrade going live on the Beacon Chain on September 6.

When the Bellatrix upgrade has been completed, the Paris upgrade will shift mainnet to Proof-of-Stake (PoS) after a final terminal total difficulty (TTD) value of “58750000000000000000000” has been hit. 

The TTD represents the total mining difficulty level on the network. According to the Ethereum Foundation, this value is expected to be hit between September 10 and 20.

Approaching the Merge ethereum eth

After the TTD value has been hit, the subsequent block will be produced by a Beacon Chain validator. This will signify the completion of the mainnet merge, launching the Ethereum network fully into PoS.

Ethereum Moves to Proof-of-Stake

At this point, Ethereum’s mainnet (Proof-of-Work) and the Beacon Chain, the Ethereum proof-of-stake chain, both exist in parallel. The Merge is an event scheduled to bring together both chains.

Post-merge, Ethereum will be fully a PoS consensus network. PoS is expected to reduce Ethereum’s energy usage by as much as 99%, improve the performance of the chain, remove bottlenecks, and reduce transaction fees.

On the Flipside

  • As the merge approaches, the Ethereum developers team has discovered bugs in Ethereum clients’ mainnet merge updates, the Nethermind and Go ETH.

Why You Should Care

Ethereum’s mainnet migration is the biggest event in history and has been in the works for years. It is predicted to affect the price of ETH and the entire crypto market.

This article is for information purposes only and should not be considered trading or investment advice. Nothing herein shall be construed to be financial legal or tax advice. Trading Forex, cryptocurrencies, and CFDs poses a considerable risk of loss

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Author

Milko is a DailyCoin reporter, mainly focused on Ethereum (ETH), Cardano (ADA), and their founders (Vitalik Buterin and Charles Hoskinson). Milko is an avid follower of crypto and blockchain technology and has written thousands of articles on the subjects. He finds joy in transforming complex issues into written content that anyone can understand. Milko has used and analyzed numerous exchanges, such as Coinbase, FTX, and Binance. He also closely follows all of the latest news around the largest decentralized exchanges (DEXs).