The Merge is set to happen when the overall network difficulty reaches 58750000000000000000000, which is expected around September 15th. However, Vitalik Buterin said the exact date still depends on the hashrate. In its latest blog, the Ethereum Foundation also suggested that this estimate could be wrong by up to a week.
The Merge May Be Delayed More
The Ethereum (ETH) co-founder is providing an update on when the project will begin its long-awaited network transition from proof of work (PoW) to proof of stake (PoS).
Vitalik Buterin provides a detailed technical breakdown of the computing power required to complete the last block on Ethereum before moving to ETH 2.0, a metric known as total final difficulty (TTD).
According to the founder of Ethereum Although the date of The Merge has been determined, the exact date still depends on the hashrate. Hashrate measures the processing power of the Ethereum network. Blocks are “hashed” and added to the ETH blockchain as miners solve complex mathematical puzzles to confirm transactions. Hash rate indicates how many times per second the network can try to solve a puzzle, with higher hash rate indicating an increasingly stronger and more secure network from attackers.
In its latest blog, the Ethereum Foundation suggested that this estimate could be up to a week off, based on the network’s hashrate fluctuations. Hashrate depends on the participation of miners, so it is difficult to measure specifically. Next August 18, the team will check and re-evaluate to give a more accurate time.
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