Thursday 15 September 2022 ▪ 10:00 am ▪
min read – with
After several years of waiting, 7 years More accurate, we finally entered the Merge. Right now it’s euphoria for the entire Ethereum team and the ETH community.
The Merger is complete
This gives us Google’s countdown timer and theReal Time Ethereum Merge Tracker at Watcher Guru.
For several weeks, the Ethereum Foundation and Vitalik Buterin have already set the date of the Merger: on this day of September 15, 2022. Recently, they announced the exact time of the merger: 9:42 AM GMT+3.
As you can see in this image taken from Watcher Guru, there are no more blocks to mine. In addition, the total terminal difficulty (TTD) of 58,750,000,000 T has been reached.
From now on, the fusion of the mainnet Proof of Work of Ethereum with the efficient PoS Beacon chain. In other words, the entire protocol has changed from a PoW consensus algorithm to a PoS control algorithm.
What to expect after the Merger?
Some changes have already been mentioned. Just naming the new dynamic of token issuance and a completely different nomenclature.
We can also mention the end of any activity mining, which will definitely impact gas charges on Ethereum. The Merge is also very popular, it shows the importance Ethereum gives to the environment. For a few minutes, the blockchain has become ecological, its carbon footprint is reduced to more than 99%.
All in all, it must be said that the predictions of Vitalik Buterin and the entire Ethereum team were accurate. Now that blockchain has entered PoS, investors will want to keep a close eye on related changes. And they will also do better to pay attention to all the guidelines of the exchanges they are affiliated with. Let the adventure continue!
Get a summary of the news in the world of cryptocurrencies by subscribing to our new servicedaily and weekly so you don’t miss any of the essential Cointribune!
The blockchain and crypto revolution is underway! And the day the effects are felt on the most fragile economy in this world, against all hope, I will say that I was involved.