The Merge Ethereum (ETH): The days of Proof-of-Work are numbered!

Fri August 26, 2022 ▪ 2:00 p.m. ▪

4
min read – by
Mikaia ANDRIAMAHAZOARIMANANA

After the Merger, Ethereum will no longer be the same. So expect in a few days to a slew of changes to the world’s most popular blockchain. A greener and more optimized Ethereum blockchain will emerge definitely. As the Merge calendar has been recently updated, we are providing you with some no less important details about this event in this post.

After Bellatrix and Paris, this will be the real Merge

So far, the Ethereum Protocol Support Team hasn’t said anything about the end date of the Merge. Nevertheless, the day of the Bellatrix upgrade on the Beacon channel is known. It will indeed be September 6 at 11:34:47 AM UTC, according to the announcement made by the Ethereum team yesterday on the network blog.

After Bellatrix, there will be Paris, the execution layer transition Proof-of-Work around the Proof-of-Stake. The scheduled date is between September 10 and 20, 2022. You still have to reach the total terminal difficulty (TTD) of 58,750,000,000,000,000,000,000 before making it effective. 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, the finalization of a new JSON-RPC block tag will follow this step. Approximately 13 minutes will separate the production of these two blocks. And that’s when the Merge will become effective.

It should also be noted that Bellatrix will sign the end of the important activities related to the Merge, which bear the name of Testnet The Klin.

merge-upgrade-ethereum
Illustration of the Ethereum upgrade as part of the Merge

Recommendations for users

For operators of nodes

An update to the ” Run a Nodeon Ethereum.org should be done. This is to ensure secure communication, based on the use of a JWT token. Note that after the Merge, the full Ethereum node will be obtained from the combination of a client from the consensus layer (CL) and another from the execution layer (EL). Among other things, this will favor the management of the user’s state and the execution of calculations related to transactions.

For thestakers

The latter are requested to ensure the validity of user transactions and state transition blocks created and attested. 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 expanded, but at the same time they will receive the associated transaction priority fees. Provided of course to give an address for the delivery of said costs.

For ETH holders

No action will be requested from them, whether they use Ethereum applications or have ethers on any exchange. Nevertheless, they are advised to take into account the recommendations of cryptocurrency exchanges like Coinbase to avoid any form of misunderstanding.

For minors

Minors will no longer have legitimate status after The Merge. This is what Vitalik Buterin announced in this article that we shared on Cointribune.

Note that Ethereum will completely change once the Merge is finalized. Indeed, after that, the network will become greener, that is to say, it will consume less energy. The waiting time for this merger was long, and the speculations of the players of the crypto ecosystem are multiple. Now that the Ethereum team has dotted the “i”, it will be up to everyone to adopt the appropriate attitude.

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Mikaia ANDRIAMAHAZOARIMANANA avatar
Mikaia ANDRIAMAHAZOARIMANANA

The blockchain and crypto revolution is underway! And the day when the impacts will be felt on the most vulnerable economy of this World, against all hope, I will say that I had something to do with it

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The Merge Ethereum (ETH): The days of Proof-of-Work are numbered!


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