Ethereum

Ethereum Merger Rescheduled! Know Why the Merger May not Happen on September 15!

Author: Sahana Vibhute

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A passionate cryptocurrency and blockchain author qualified to cover every event in the crypto space. Researching minute occurrences and bringing new insights lie within the prime focus of my task.

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Highlights
  • Ethereum price has spiked with the announcement of the Ethereum Merger that will be happening on September 16

  • While larger possibilities of the asset not undergoing a translation from PoW to PoS on the said day emerger, ETH price may face also have a larger impact

Ethereum has evolved from just an idea to a whole ecosystem in its 8-year-long history. Moreover, with the launch of the Beacon Chain back in December 2020, the hope of a better platform for instant transactions was revived. Many Testnets and upgrades were carried out, and all went without any major technical flaws. 

Mainly, after the final testnet Goerli went live successfully, the platform announced the transition of the Mainnet on September 15. Now when the entire crypto space is preparing for the upcoming merger, the event may not happen on the said day, but before the schedule. 

Ethereum co-founder, Vitalik Buteirn had said previously that the exact date is depending on the hash rate of the asset. The merger will be triggered when the Total difficulty strikes 58,75,00,00,00,00,00,00,00,00,000 with an average hash rate of 872.2 THs. In a recent update, the ETH hash rate has been spiked heavily, hinting at the possibility of an early Merger. 

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The hash rate ever since dropped from highs above 1000 THs in May and has consistently maintained levels above 900 THs. Hence flashing the signals of an earlier Merger as the latest difficulty has reached 57,70,49,02,01,07,48,20,74,40,547 at the press time. According to some reports, the preparation is completed by nearly 98.21%. 

If the current hash rate continues, or it receives an additional boost with the Bellatrix update scheduled on September 06, 2022, then higher possibility of the Merger getting triggered well before the announced date emerges. 

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Sahana Vibhute

A passionate cryptocurrency and blockchain author qualified to cover every event in the crypto space. Researching minute occurrences and bringing new insights lie within the prime focus of my task.

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