Friday August 26, 2022 ▪ 2:00 pm ▪
min read – with
After the Merger, Ethereum will never be the same again. So expect in a few days with a number of changes to the most popular blockchains in the world. The Ethereum blockchain will evolve greener and more optimized definitely. Since the Merger calendar was recently updated, we are giving you less important details about this event in this post.
After Bellatrix and Paris, this will be the real Merger
So far, the Ethereum Protocol Support Team has not said anything about the final date of the Merger. However, Bellatrix’s upgrade day is known on the Beacon channel. It will indeed be September 6 at 11:34:47 UTC, according to the announcement made yesterday by the Ethereum team on the network’s blog.
After Bellatrix, Paris, the execution layer move Proof of Work around the Proof of Stake. The scheduled date is between September 10 and 20, 2022. You still need to reach the total terminal difficulty (TTD) of 58,750,000,000,000,000,000,000 before it is implemented. The latter depends entirely on the PoW hash rate.
If all goes as expected, a validator in the Beacon chain will produce the post-TTD block. According to Ethereum developers, this step will be followed by the finalization of the new JSON-RPC block tag. About 13 minutes will separate the production of these two blocks. And that’s when the Merger will come into effect.
It should also be noted that Bellatrix will sign the end of the important activities related to the Merger, which is called Testnet The Klin.
Suggestions for users
For operators of the nodes
Update on the ” Run Nodeon Ethereum.org should be done. This is done to ensure secure communication, based on the use of a JWT token. Note that after the Merge, the entire Ethereum node will be obtained from a combination of clients from the consensus layer (CL) and another from the execution layer (EL). Among other things, this will favor the management of the user’s situation and the execution of calculations related to transactions.
The latter are asked to ensure the validity of the user transactions and state transfer blocks they create and attest. If they are already on the Beacon channel, it is their responsibility to run an EL client after The Merge. At this point, they will see their responsibilities expand, but at the same time they will receive the associated preferential transaction fees. Of course give an address to deliver those costs.
For ETH holders
No action will be asked from them, whether they use Ethereum applications or have ether on any exchange. However, they are advised to take into account the recommendations of cryptocurrency exchanges like Coinbase to avoid any kind of misunderstanding.
Minors will no longer have legal status after the Merger. This is what Vitalik Buterin announced in this article we shared on Cointribune.
Note that Ethereum will change completely once the Merger is finalized. In fact, after that, the network will become greener, that is to say, it will consume less energy. The waiting time for this merger has been long, and the speculations of the crypto ecosystem players are multiple. Now that the “i” has been crossed by the Ethereum team, it will be up to everyone to adopt the appropriate attitude.
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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.