Ethereum Merge

The final countdown began for the Ethereum Merge overhaul which was also incorporated by the Google team in its recent update.

[In terms of price](https://beincrypto.com/eth-price-prediction-post-merge-veteran-trader-gareth-soloways-take/), Ethereum is maintaining a 24-hour range of $1,720 and $1,784 on [CoinGecko](https://www.coingecko.com/en/coins/ethereum). At press time, [DeFiLlama](https://defillama.com/chains) calculates the total value locked (TVL) on the Ethereum network to be close to $34.96 billion. Especially when [Bitcoin](https://beincrypto.com/price/bitcoin/) fell back below the $20,000 levels, once again fueling the ‘crypto is dead’ narrative recently. [proof-of-stake](https://beincrypto.com/learn/proof-of-work-explained/) shift won’t be sufficient to [exert deflationary pressure](https://beincrypto.com/arthur-hayes-ethereum-doesnt-need-deflationary-post-merge/) on Ethereum at the present price levels. [handle](https://twitter.com/theSamPadilla/status/1568350158298955781?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1568350158298955781%7Ctwgr%5E481ca413dd4c5f08729d5175a4a9fb7734b1fe09%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fcryptoslate.com%2Fgoogle-adds-ethereum-merge-countdown-clock-as-searches-reach-all-time-high%2F), which features a real-time Ethereum Merge countdown with merging pandas. With that, testnets Ropsten and Rinkeby are also scheduled to be drawn out in Q4 2022 and Q3 2023 respectively, the developer stated.

Crypto enthusiasts say a shift in how ethereum — the second-most popular blockchain — works could revolutionize digital currencies.

It takes thousands of computers to verify transactions on the ethereum blockchain, a mechanism known as "proof of [work](https://ethereum.org/en/energy-consumption/)." After the Merge, the Mainnet version will disappear and financial transactions will only live on Beacon. [said](https://ethereum.org/en/upgrades/merge/#wen-merge) they're giving themselves a September 19 deadline to apply the finishing touches. Put simply, the Merge aims to reduce the number of people and computers it takes to add another data block to the ethereum network. The Merge replaces the proof-of-work system with an alternative approach called "proof of stake." Since December 2020, ethereum developers have been running essentially two different versions of the blockchain at the same time. Because proof of stake involves fewer people using their computers to verify transactions, fewer terawatt-hours are burned. The Merge is happening now because ethereum is mature enough to handle financial payments, store non-fungible tokens, trade crypto and host smart contracts, said blockchain expert Merav Ozair. That level of energy consumption releases about 53 metric tons of harmful carbon emissions into the environment annually, the same amount Singapore produces in a year. Crypto enthusiasts say the Merge will greatly reduce the environmental impact of It's one of the world's most used blockchains, second only to the bitcoin network. There are more than 71 million crypto wallets on the ethereum blockchain today,

This article explores the top cryptocurrencies to sell before the Merge takes place. Ripple, Litecoin, Polkadot, and more are the cryptocurrencies one ...

The very reason why cryptocurrency investors are keen on selling IOTA is that they may want to consider selling IOTA for a new coin with more hype and potential. Litecoin is known in the cryptocurrency market for its faster transaction speed and scalability. The surge in new [crypto coins](https://www.analyticsinsight.net/top-10-cryptocurrencies-with-a-brighter-future-than-bitcoin-in-2023/) came amid a massive bull market for the sector in 2021, but a more than 50% decline in bitcoin from its November high is challenging the space. The project was first described back in 2014 as an incentive layer for the Interplanetary File System (IPFS), a peer-to-peer storage network. Ethereum Merge is around the corner and many [cryptocurrencies](https://www.analyticsinsight.net/top-10-cryptocurrencies-to-sell-before-india-imposes-a-complete-ban/) will witness the price surge but also many will fall. [cryptocurrencies](https://www.analyticsinsight.net/top-10-cryptocurrencies-to-buy-after-selling-your-bitcoin-investment/) in existence and counting, there are more than triple the number of crypto coins than there are US exchange-listed stocks.

The Ethereum upgrade may bring more regulatory scrutiny on Bitcoin for its energy consumption. While there could be pressure on Bitcoin, there won't be much ...

After the Ethereum integration, only 23 percent of the total crypto volumes will be based on PoW, mostly Bitcoin. “If we look at investor trends, however, no one holds their bigger capital in Ethereum – people will hold big capital in Bitcoin,” said Raj Kapoor, founder of the India Blockchain Alliance. To add to that, people who make tons of money out of Bitcoin farming will most likely oppose this kind of proposal,” he said. “Even if a group of people decided to implement that change, it would be very difficult to get more than 51 percent of the votes on a network. “Bitcoin isn’t likely to become more sustainable any time soon,” said Digiconomist, a science and technology publication that tracks Bitcoin energy consumption. This contrasts with PoW, which uses a lot of energy to mine tokens by using computers to solve mathematical equations.

According to Google Trends, Singapore, Cyrus, China, Switzerland and Netherlands are the nations with the greatest interest in Ethereum Merge, ...

The Ethereum Merge will undoubtedly provide numerous benefits to developers and end users. It will all depend on demand and supply, when more people use the blockchain the gas fee charges will be high, when less use it, the fee will reduce. According to the Ethereum Foundation, the organisation behind the Ethereum blockchain, The Merge will have no “significantly change any parameters that directly influence network capacity or throughput”.

A protocol switch in mid-September will fundamentally change how Ethereum works, but true scalability is still a while away.

As for Ethereum, is it decentralised? Is it decentralised? Is it scalable? PoW -ed) for crypto-asset mining,” read the report. QuarkChain made a great analogy with a multi-lane highway: "The advantage of a multi-lane highway is that the time needed for a huge amount of traffic to pass through is lesser than that of passing through a single-lane highway." Hell no: Despite being the most popular blockchain to develop on, it can only process around 20 transactions per second (TPS), compared to over 50 for Binance Chain and a whopping 3,000+ for Solana. But as convoluted as The Merge is, it is of fundamental importance to the Ethereum ecosystem and even cryptocurrency as a whole. [pic.twitter.com/9YnloTWSi1] [August 12, 2022] Staking requires you to put some skin in the game in the form of a large quantity of the cryptocurrency in question. - The Merge refers to Ethereum’s move from the Proof-of-work (PoW) method to the Proof-of-stake (PoS) method The Merge is likely to happen in the middle of September but are you, the wise retail investor, wondering just what the f*#k The Merge is, and what the opportunities are? The transition from proof-of-work (PoW) to proof-of-stake (PoS) consensus is set to make Ethereum cheaper, faster and more energy efficient to use, but I feel like a reminder is needed here.

Ethereum's switch could cut the platform's carbon emissions by 99 per cent and cause regulators to put more pressure on energy-hungry Bitcoin mining.

Marchesoni, who mines Ether herself, said the costly equipment is not a total waste as you can find alternative coins to mine on PoS that are compatible. De Vries also does not believe Merge will cause the latest crypto bull run. De Vries says he is working on figuring out how much the switch will save energy. The only thing that increases your chance of winning is just getting more coins. Both mechanisms are used to confirm transactions and add new blocks to the chain, but they work differently. The Ethereum development team Nethermind said on September 10 that it had completed the prerequisite shadow fork test, which stress-tests synchronisation assumptions to ensure network safety.

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The Merge will see Ethereum move from proof of work to proof of stake, and ETH holders might end up with ETHPoW and ETHPoS tokens. Read what investors need ...

The technical change brings with it a wealth of questions, including what sort of precedent it sets for rival blockchains that are sticking to their proof-of- ...

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An employee wearing a protective face mask inspects Sapphire Technology Ltd. AMD graphics processing units. When it comes to Ethereum's Merge, determining just ...

For context, the value of Ethereum Classic is about 2% of Ethereum’s worth today, so there isn’t much incentive for miners to switch to mining this much smaller network. So while the Merge will ease at least some of crypto’s strain on the grid and reduce the associated carbon pollution, “it’s not like things are going to change that much,” Webber said, from an overall energy use perspective. What that means for miners is that the cost of running these machines would likely be greater than the potential payout. Miners looking to offload their out-of-work rigs aren’t likely to get much in return for them, increasing the odds of them being tossed out. Most of those mines could simply dump their Ethereum GPUs and install mining rigs for another blockchain, likely bitcoin, which consumes much more energy than Ethereum. When it comes to Ethereum’s Merge, determining just how much e-waste will be added to the world’s growing pile is unclear but still troubling. Miners could also mutiny and continue mining Ethereum via proof-of-work, creating another fork in the blockchain. Crypto mining’s monster carbon footprint comes courtesy of the GPUs used to do the calculations that keep the blockchain secure, all running at the same time. If successful, this will be a huge win for the climate; the Merge is projected to cut energy consumption tied to mining These suddenly useless rigs could be chucked in the trash, contributing to our mounting e-waste problem, or repurposed in other ways and continuing to fuel the climate crisis. An open question post-Merge is what will become of the hardware used to mine ether, which will essentially become stranded assets. [37,000 tons](https://digiconomist.net/bitcoin-energy-consumption) of electronic waste per year, an amount roughly on par with the Netherlands.

Google's countdown clock focused on the "Merge" doubled down on previous estimations that the move will get completed soon.

[revealed](https://cryptopotato.com/study-reveals-the-most-interested-country-in-the-ethereum-merge/)that the residents of Singapore are the most interested in the upcoming development, while Switzerland, Canada, Germany, and the US follow shortly after. The search engine’s estimations match previous ones, indicating that “the Merge” will see the light of day on September 15. The move is expected to be finalized on September 15.

With the ETH/BTC ratio trading at previous highs, some have started to unwind their long ETH/short BTC trade, one researcher said.

CoinDesk is an independent operating subsidiary of [Digital Currency Group](https://dcg.co/), which invests in [cryptocurrencies](https://dcg.co/#digital-assets-portfolio) and blockchain [startups](https://dcg.co/portfolio/). [strict set of editorial policies](/ethics/). As prices were rising, this is a sign that many traders would rather own the stETH than participate in the airdrop," Thielen noted. Ethereum has now narrowed to just -2.8% and might offer better value for Ethereum investors as any PoW fork will unlikely lead to a significant airdrop." The dominance rate crashed from roughly 49% to 39% in nearly three months to Sept. Bitcoin's dominance rate refers to the leading cryptocurrency's share in the broader crypto market. Early this quarter, traders snapped up ether and sold futures to collect a potential Ethereum fork token ETHPoW for free without directional risks. The level of 0.08 has capped the upside multiple times since May 2018. "The discount between staked Ethereum on Lido vs. The momentum has weakened since then, however, perhaps with traders lightening their ETH long and BTC short positions. Beta adjusted, bitcoin has outperformed ether during the last week," Markus Thielen, chief investment officer at British Virgin Islands-based IDEG Asset Management, said in an email. Ether's underperformance stems from traders rotating money out of ETH and into BTC, some observers told CoinDesk.

More crypto traders are shorting Ether in the derivatives market, as the underlying blockchain is scheduled to go through its biggest technical upgrade this ...

Bitcoin is heralded as the flagship cryptocurrency by many across the world. However, the number one alt, Ethereum, has been leading...

However, the number one alt, [Ethereum](https://ambcrypto.com/category/ethereum-news/), has been leading the crypto bear market in the past two months. “Three days ago, there was a cross-over, which means that Bitcoin started to be more dominant on exchanges in terms of trading volume. On 12 September, the ratio climbed above one to indicate growing profitability across Bitcoin addresses. This is because of the much-talked-about Merge which is set to take place around 14 September. [change](https://ambcrypto.com/eth-vs-btc-a-change-of-scenario-in-the-futures-market-has-left-btc-at-2/) in the futures market in August as Ethereum brushed past Bitcoin in futures trading volume. [Bitcoin](https://ambcrypto.com/category/bitcoin-news/)

The Ethereum community and the entire crypto space will soon witness the Merge launch, the long-awaited upgrade. It's a transition for the Ethereum.

The Ethereum price is dwindling due to the effect of macroeconomic factors. Also, the hawkish approach from the Fed in tackling inflation is expected to continue. With just a week remaining for the Merge, the Ethereum developer team is expected to watch the situation closely. One of the completed blocks will contain the code for the Merge. Several people are confused about the twist in the movement of Ether since the Merge is at hand. The Ethereum community and the entire crypto space will soon witness the Merge launch, the long-awaited upgrade.

Ethereum is struggling to reclaim its August high ahead of the Merge while Bitcoin is posting daily gains.

The Merge is expected to ship early on September 15, but ETH has yet to reclaim its August high of $2,015. “The ratio” refers to the amount of ETH it costs to buy one BTC. Bitcoin touched a months-long high of almost $65,000 on April 14, 2021, when Coinbase [held](https://cryptobriefing.com/coinbase-marks-ipo-with-memo-on-bitcoin-blockchain/) its initial public offering on Nasdaq before crashing for weeks. Dogecoin, meanwhile, took a big hit after Elon Musk [performed](https://cryptobriefing.com/will-elon-musks-snl-appearance-boost-dogecoin/) a highly-anticipated “Dogefather” skit on Saturday Night Live on May 8, 2021. The ratio previously touched 0.053 in June before ETH led a market-wide rally; for ETH:BTC to revisit the low of its range, it would have to decline another 33.49%. [told Bankless](https://cryptobriefing.com/ethereum-merge-trade-no-brainer-bitmex-co-founder-arthur-hayes/) last week that he was optimistic about how the Merge could affect ETH’s price, but he admitted it could suffer in the short term if investors sell on the Merge news. [currently trading](https://www.coingecko.com/en/coins/bitcoin) at $22,229. Bitcoin has shown strength since it broke through support at $18,600 Wednesday; the top cryptocurrency has since climbed by almost 20%. Ethereum, meanwhile, is [changing hands](https://www.coingecko.com/en/coins/ethereum) for $1,715 after suffering a 3.3% dip. [“flippening”](https://buybitcoinworldwide.com/flippening/) on the horizon after all. Interestingly, the ETH:BTC ratio has trended down after hitting a 2022 high of 0.085 Wednesday. Bitcoin is soaring against Ethereum in the lead-up to "the Merge."

From what appears from trading volume data, there could be a change in Bitcoin dominance pattern after The Ethereum Merge.

As of writing, BTC price stands at $22,412, up 4.04% in the last 24 hours. As of writing, ETH price stands at $1,726, down 1.43% in the last 24 hours, according to price tracking platform On the other side, Bitcoin has been on an upward curve in the last one week. This means there could be a change in Bitcoin dominance pattern after The Ethereum Merge. “There was a cross-over, which means that Bitcoin started to be more dominant on exchanges in terms of trading volume. Over the last one week, BTC is up 13.37%. For as long as two months, Ethereum trading overshadowed BTC in terms of the market share. This makes it logical to predict a shift in behavior, it added. With the Merge just around the corner, Bitcoin maximalists would hope for a quick turnaround as the Ethereum upgrade would pass through. In this context, technical indicators appear to show increased trading activity in Bitcoin in past few days. Blockchain experts warned that there could be small issues although chances are it would be a successful upgrade. Thanks to the hype around

The Ethereum Merge is the joining of Ethereum's Proof-of-Stake (PoS) Beacon Chain with the Ethereum Mainnet.

ETH 2 is not a new cryptocurrency, and ETH will remain the only Ethereum native cryptocurrency. “ETH 2” simply refers to the new Proof-of-Stake blockchain that will go live as Ethereum’s main blockchain network after the merge. It will become fully operational as the updated Ethereum blockchain after the merge is completed. Scammers may try to take advantage of this confusion and try to get users to swap out their current ETH for “ETH 2,” but in reality they would be stealing the user’s Ether.6 For example, if a potential attacker is in line to propose one of the next blocks in the blockchain, they can attempt to DoS (a sophisticated networking attack) of the current proposer's node, causing them to lose their slot, and the transactions in that slot can be picked up by the attacker. This will result in a 99.95% reduction in Ethereum’s energy consumption, and the ability to further scale the Ethereum ecosystem.1 It will result in [Ethereum 2.0](https://www.investopedia.com/ethereum-2-0-6455959), a new version of Ethereum. The block rewards from that node are then shared with the staking pool in proportion to the deposited ETH per individual account.5 Crypto exchanges also offer a version of this, allowing users to stake small amounts in return for a fixed rewards amount. This Ether will be locked up until a future upgrade to the network enables withdrawals. Since inception, Ethereum has been secured with a Proof-of-Work (PoW) consensus mechanism, requiring hardware processing power to solve complicated math equations in a competitive process to mine the next block in the Ethereum blockchain. The Beacon Chain is the controller of the Ethereum PoS network, managing the entire process of the PoS protocol and coordinating parallel chains (shards).7 There are solutions being worked on to make the proposer selection anonymous, but this is currently still a risk. Currently, there are about 13,000 Ether mined per day.

Described as among the most important days in crypto, the ethereum blockchain this week adopts proof of stake -- lowering its carbon footprint by 99%.

Critics of ethereum -- typically bitcoin enthusiasts -- compare the merge to changing the engine of an airplane in the middle of a passenger flight. "There are a lot of tech companies that have openly said, 'we are not going to do anything until after the Merge.'" The Merge is currently schedued to go ahead between Sept. Whereas a bad actor needs 51% of a network's power to overrun a proof-of-work system, they'd need 51% of the total staked ether to overrun the proof-of-stake system. In the run-up to the Merge, ethereum developers have been stress testing the new blockchain by running data and transactions through it on various ethereum testnets. "From speaking to ethereum developers, they've felt confident that had proof-of-work mining been, say, banned overnight, they could do the Merge even months ago and it would work," Charbonneau said. The beacon chain is essentially the new ethereum. The network is made up of hundreds of thousands of computers around the world, meaning bad guys would need to control 51% of the power in this vast mining pool. Other times, as in the case of a proof-of-stake blockchain, staked cryptocurrency helps secure a protocol. The beguiling metaphor beguiles the importance of the Ethereum Merge to everyone, not just cryptocurrency supporters. The system is secure. It takes a powerful computer to have a chance in this race, and people typically set up warehouses full of rigs for this purpose.