Ethereum co-founder Vitalik Buterin said in a tweet on Tuesday that Merge is expected to be triggered between September 13-15. The increase in the network’s hash rate makes Merge arrive earlier than September 15. The Bellatrix upgrade is scheduled to occur today at 144896 at around 14 CET on Beacon Chain. ETH price is rising over 6 percent due to the impact of the Bellatrix hard fork. Here are the details…
Vitalik Buterin envisions the merge to take place between 13-15 September
Vitalik Buterin, co-founder of Ethereum, expects the Merge to take place between September 13 and 15 in a tweet on Sept. It also reminds users to update their customers before the planned Bellatrix hard fork for the period 144896 on Beacon Chain. Buterin uses the following expressions:
Merge is still expected to occur around September 13-15. What happened today is the Bellatrix hard fork preparing the chain for consolidation. Important though – make sure you update your client!
The merge is still expected to happen around Sep 13-15. What's happening today is the Bellatrix hard fork, which *prepares* the chain for the merge. Still important though – make sure to update your clients!
— vitalik.eth (@VitalikButerin) September 6, 2022
According to OKLink’s Ethereum The Merge Countdown, Merge readiness has reached almost 99 percent. Also, the network hashrate is 892.23 TH/s, still above the required level of 872 TH/s. This is enough to trigger the convergence of Ethereum Mainnet and Beacon Chain at terminal total difficulty (TTD) set to 5875000000000000000000000. Bellatrix hard fork prepares Beacon Chain (consensus layer) to merge with Ethereum Mainnet (execution layer). All nodes need to update clients to successfully verify blocks after hard fork. The hard fork adds new rules to the protocol.
Which is the next upgrade?
The next upgrade will be the hard fork of Paris, which will take place in the execution layer. It will be followed by Merge from September 13-15. According to the Ethereum Foundation’s proposed merge date tracker, the estimated date is September 15th at 12:45 pm. The data changes according to the hash rate. However, the most likely date is seen as September 14. Ethereum (ETH) price is rising before the Bellatrix upgrade. ETH price is up over 6% in the last 24 hours and the current price is trading at $1,659. Transaction volume increased to 65%. Also, Ethereum made a 24-hour low and high at $1,559 and $1,670. However, the rally will be short-lived as ETH price is set to deflationary after Merge.
As we mentioned, after Bellatrix, Merge is scheduled to take place in the “Paris” upgrade. Paris is the execution layer part of the transition. Triggered by the Terminal Total Difficulty (TTD) of 5875000000000000000000000. This is expected to take place between 13-15 September. When the execution layer reaches or exceeds this TTD, the next block Beacon will be generated by a validator. Merge itself will be considered complete as soon as the Beacon Chain completes this particular block. If nothing unusual happens, this happens approximately 13 minutes (or 2 epochs) after the first post-TTD block was generated.
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