The Merger is an event that will change the course of Ethereum (ETH) blockchain history. The crypto community (especially the Ethereum community) is eager to see this transition from PoW to PoS. In a recent announcement, the tentative date of the Merger was set between September 15 and 16. More recent data gives more details about this date.
The Merge on Ethereum could happen around September 15th
According to tweet de Vitalik on August 12, “ terminal total difficulty is set to 58750000000000000000000“. So,“The Ethereum PoW network has a (somewhat) fixed number of hashes to mine“. It turns out that the exact date of the Merge was dependent on the hashrate.
It must be said that the current hash rate on the network is 878.8 TH/s. With around 872.2 TH/s in the network, it will be possible to reach 5875 trillion hashes on Thursday, September 15th. In this context, the Ethereum (ETH) blockchain could move from a Proof-of-Work (PoW) consensus to a Proof-of-Stake (PoS) consensus on September 15.
Recall that the migration of the Ethereum blockchain from PoW to PoS will allow it to solve its major problems. Indeed, with PoS, the blockchain in particular will be able to overcome block congestion. It succeeds in improving its level of safety and durability. The Merger will increase Ethereum’s technological and economic potential.
Ethereum’s (ETH) transition date from Proof-of-Work to Proof-of-Stake is becoming clearer. In fact, the Merger could happen during the day of September 15. However, this date may change, because it all depends on the hashrate on the Ethereum network. Meanwhile, the Ethereum community is happy, because the various testnets have been successfully completed.
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