Ethereum upgrade is 99.76% complete, here is the exact date of the merge

Ethereum upgrade is 99.76% complete, here is the exact date of the merge

The content site is one of the sites that provide the service of answering general questions and solving puzzles and crossword puzzles

Where the content site is primarily interested in answering your questions in all areas, including solving puzzles and crossword puzzles

Answer Ethereum upgrade is 99.76% complete, here is the exact date of the merge

The Ethereum integration progress is now 99.76% complete as Ethereum customers and developers are constantly working to complete their checklists and preparations.

In addition, approximately 85% of the nodes on the Ethereum network have been upgraded to the latest version.

With the network hash rate below 872 TH/s, the consolidation will now run on September 15th.

Preparing Ethereum to Move to PoS:

According to OKLink’s “Ethereum The Merge Countdown,” the Merge upgrade is 99.76% complete with all Ethereum clients, developers, and users set up.

The Mainnet (execution layer) will be integrated with the Beacon Chain network (consensus layer), moving Ethereum from PoW to PoS.

Read:Report: Hong Kong to Plan to Regulate Crypto Market by July 2022

Bellatrix was promoted to the consensus tier on September 6.

The Paris upgrade will prepare the main network for the merger.

It will run through its final difficulty (TTD) of 58.75 trillion trillion on September 15th.

Approximately 13 minutes after the Paris upgrade, the Ethereum blockchain will transition to PoS rationing when the Beacon Chain validator finishes the block.

With the upgrade and the move towards quota, this means the end of the mining process, and making the Ethereum miners isolated from what they were doing.

The energy consumption of Ethereum will decrease by 99.95%.

Most of the Ethereum mining pools have expressed their support for ETC mining, coinciding with Ethereum’s switch to PoS mining.

Last month, the Ethereum developers claimed that the network hash rate of 872 TH/s is enough to start the merger on September 15.

According to the Ethereum Foundation’s recommended tracker, the merger is expected to occur on September 15th between 02:00 and 04:00 UTC.

Therefore, the remaining blocks for mining are less than 11344.

Read:Cryptocurrency trading volume exceeded $1 trillion for the second month in a row in March

Crypto analyst Big Cheds believes that the Ethereum Merge is a rumor-buying and news-selling event.

As the price of Ethereum (ETH) jumped above $1750, some profit taking was seen.

If the price of Ethereum drops below $1,700, this will trigger short trades.

Other analysts are also anticipating a downward movement as Ethereum loses momentum.

At the time of writing this article, the price of Ethereum is trading at $1,716, down nearly 3% in the last 24 hours.

Read also:

Tether launches its own stablecoin USDT on the NEAR protocol

Three major upcoming events that are expected to increase the volatility of cryptocurrencies… get to know them

And you can ask questions on the content site through the word “Ask a question” at the top of the site, where we answer your questions in a short time

Previous post
BitMEX CEO presents his prediction for the price of Ethereum by the end of 2022
Next post
How will Bitcoin perform after the Ethereum integration upgrade?