Revealing the advance date and date of the Ethereum upgrade… Find out about the new date!
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Answer Revealing the advance date and date of the Ethereum upgrade… Find out about the new date!
After the Ethereum consolidation upgrade date was set at September 19, it is now expected that Ethereum will finally move to the Proof of Stake algorithm on September 15, four days earlier than the previously scheduled date.
It is worth noting that this is the initial launch date, which means that the upgrade can still take place a few days after the announced date.
That is, it is difficult to predict when exactly the long-awaited upgrade will take place due to possible problems.
First, the network called “Beacon” will have to activate the “Bellatrix” upgrade, which is expected to take place on September 6.Read:A new scam targeting XRP investors…details here
Tim Peko, one of the leading developers at the Ethereum Foundation, has confirmed that the current version of the blockchain will have a set Final Total Difficulty (TTD) of 58,750,000,000,000,000,000,000.
Then the final block to be mined will be determined in the Ethereum Proof of Work (mining) version.
Then comes the allocation mechanism to complete the authentication of the blocks instead of mining.
“Goerli” became the third and final test of the transition to the Proof of Stakes mechanism before the high-stakes merger event.
In a consensus layer statement, which took place earlier Thursday, the Ethereum developers told that the upgrade had been successful.
Ethereum will consume much less energy after the long-awaited upgrade, which has been delayed on multiple occasions.
Miners will be banished from the Ethereum network after the upgrade.
Those who don’t want to comply with the upgrade will likely try to encourage network partitioning.
The new fork “EthereumPOW” is gaining more momentum and support from the trading platforms.
Last month, Vitalik Buterin, co-founder of the second largest blockchain network, stated:Read:Coinbase Adds $500 Million in Cryptocurrency to Its Balance Sheet… What Does That Mean?
Ethereum will only be 55% complete after merging.
Therefore, this split could create competition and crowd out the new Ethereum network based on stakes.
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