The Merge – Ethereum update date and time

The Merge – Ethereum update date and time

The Merge – Ethereum update date and time

Find out exactly when The Merge, the largest Ethereum (ETH) update since the launch of this blockchain in 2015, will take place and which marks the arrival of Ethereum 2.0

Ethereum is the second largest cryptocurrency on the market, after Bitcoin, and has been on the rise for several months, but a very important change will take place on the Ethereum blockchain this month. Let’s find out when this update will take place: the Merge.

When will the Merger take place?

The merger will take place when Total Terminal Difficulty (TTD) reaches 587500000000000000000000.

days
hours
minutes
seconds

… before the Ethereum merger

Merge ETH

The Merge will occur when the Total Terminal Difficulty (TTD) reaches 5875000000000000000000000. The TTD corresponds to the difficulty of the last block extracted in Proof of Work (PoW) and the next block will then be produced via Proof of Stake (PoS). On blockchains, days and hours are not counted, but blocks are counted, which is why there is no precise date of the Ethereum merge time, but a number of blocks. Once the block with the TTD is reached, the migration will take place.

What is union?

Union represents the migration of the Ethereum (ETH) blockchain to a new consensus methodabandoning Proof of Work in favor of Proof of Stake.

This update removes energy-intensive mining in favor of ETH staking to protect the Ethereum network. It is estimated that Ethereum will reduce its electricity consumption by more than 99%.

The Merge brand the beginning of a new era for the Ethereum blockchainwhich will become less energy-intensive and much more scalable.

👉 Our full explanation of what Merge is

What will happen to your Ethers (ETH)?

Don’t panic, everything is automatic. There is no need to convert or transform your ethers.

In fact, once The Merge is completed, mainnet ETH will not be affected.

So, if you own ETH or any other token on Ethereum, you have nothing to do with your assets or wallet before The Merge.

What will happen next?

The Ethereum blockchain will split into 2this is called hardfork. There will be two separate blockchains :

  • Ethereum 2.0 which will use Proof of Stake
  • Ethereum PoW in Proof of Work

We advise you not to try to exploit this separation to carry out risky operations on Ethereum PoW because many robots will be faster than you and you will risk losing money. It is impossible to know how the price of Ethereum will reactbe it the price of Ethereum 2.0 or Ethereum PoW.

Union is only a first stepIn the coming years, many updates will still be made on Ethereum to reduce transaction costs and increase the number per second.

Will Ethereum Fees Be Reduced After The Merge?

No, is a welcomed idea that circulates a lot. Merger is a change in the consensus mechanism, not an expansion of network capacity. After the merger, the costs of gas on the blockchain will therefore be exactly the same of today.

Beware of scams

As the merger of the Ethereum core network approaches, be very careful of scams who would try to deceive you during this transition.

Under no circumstances should you send your ETH and other tokens in a so-called upgrade procedure to an ETH2 token. There is no official “ETH2” token and you don’t need to do anything special to keep your funds safe.

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