- Ethereum (ETH) Developers (devs) announced that the ETH Merge will come soon.
- They share a tentative date of September 15 for the ETH merger.
- Also, ETH miners continue with PoW version to maintain earning potential.
ETH Devs Analysis On ETH Merger
The ETH devs agreed on an August 11 developer call regarding the merger date on ETH mainnet network. The developers who were part of this call are Tim Beiko and Terence Tsao, co-founder, Prysmatic Labs. They said the merger will happen when total terminal difficulty (TTD) will reach 58750000000000000000000.
Additionally, GitHub posted “Tentative mainnet TTD” that was transacted by Tim Beiko on August 11. Tim Beiko is core developer of ETH. On the other hand, the exact date and TTD is still unclear. While many testnet mergers are getting positive results so the ETH merger is supposed to happen in the coming month. The transition will be from PoW to PoS algorithm. The current merger date is around three days before the prediction of Beiko, which was September 19.
Here, the lengthy number is referred to as TTD, which is assumed as the end of proof-of-work (PoW) and starting of proof-of-stake (PoS). The total difficulty required for the last block is referred to as TTD. It mined just before the PoS transition on the network. The last remaining testnet Goerl performed well on its transition to PoS on August 12. Whereas the other two testnets were the Sepolia merger on July 7 and Ropsten merger on July 9.
Moreover, after the merge, energy consumption of the ETH network will fall down with approx 99.99%. Resultant, it will avoid the fear of attack on the network and improve the scalability as well. At present, ETH is performing up 0.53% from the last 24 hours at a price of $1896.28.
Source: https://www.thecoinrepublic.com/2022/08/12/eth-devs-said-eth-merger-will-happen-soon/