Ethereum won’t be the same after the Merger. So in the coming days, the most well-known blockchain in the world is likely to undergo a number of modifications. There will undoubtedly be a blockchain for Ethereum that is greener and more efficient. Since the Merge calendar was just updated, we are giving you some equally crucial information regarding this event in this post.
This will be the actual Merge, following Bellatrix and Paris.
The Ethereum Protocol Support Team has not yet provided any information regarding the Merge’s finish date. However, it is known when the Bellatrix upgrade will occur on the Beacon channel. According to the announcement published by the Ethereum team yesterday on the network’s blog, it will be September 6 at 11:34:47 AM UTC.
Bellatrix will be followed by Paris, which marks the change from the Proof-of-Work execution layer to the Proof-of-Stake execution layer. The planned time is from September 10 to September 20, 2022. Before it becomes operational, you still need to reach the total terminal difficulty (TTD) of 58,750,000,000,000,000,000. The latter is wholly reliant on PoW hash rate.
A validator in the Beacon chain will create the post-TTD block if all goes according to plan. The finalization of a new JSON-RPC block tag will come after this, according to Ethereum devs. The manufacturing of these two blocks will be separated by roughly 13 minutes. And at that point, the Merge will take effect.
Additionally, it should be emphasized that Bellatrix will sign off on the conclusion of significant Merge-related activities known as Testnet The Klin.
Users’ Recommendations
Operators of nodes
On Ethereum.org, the ” Run a Node ” section needs to be updated. Using a JWT token as a foundation, this is done to ensure safe communication. Keep in mind that following the Merge, a client from the consensus layer (CL) and another from the execution layer will be combined to form a full Ethereum node (EL). This will, among other things, facilitate the maintenance of user state and the execution of transaction-related calculations.
For stakers
They are required to validate any created and attested state transition blocks as well as user transactions. It is their obligation to maintain an EL client after The Merge if they are already on the Beacon channel. At this point, they will see an increase in their duties and also start to get paid for transaction priority fees. Of course, you must provide a delivery address for the fees.
For owners of ETH
Whether they use Ethereum applications or have ethers on any exchange, nothing will be required of them. To avoid any sort of misunderstanding, they are recommended to consider the suggestions made by bitcoin exchanges like Coinbase.
For minors
After The Merge, minors will no longer have legal status. In this article that we shared on Cointribune, Vitalik Buterin made this announcement.
Be aware that after the Merge is complete, Ethereum will change dramatically. After that, the network will in fact become more energy-efficient, or “greener.” The crypto ecosystem’s stakeholders have been speculating for a while, and there has been a protracted wait for this union. It will be up to everyone to adopt the proper mentality now that the Ethereum team has crossed all the necessary “i”s.
