Ethereum is a smart contract platform that enables developers to build tokens and decentralized applications (dapps). ETH is the native currency for the Ethereum platform and also works as the transaction fees to miners on the Ethereum network. Ethereum is the pioneer for blockchain based smart contracts.
Ethereum developers agreed on September 19 as a tentative date for The Merge on the mainnet.
- The Merge on the Ethereum mainnet an independent blockchain running its own network with its own technology and protocol. has a date.
- The transition to PoS is getting closer and closer.
- Next step: merging into the Goerli test network.
- ETH skyrocketed in price after the announcements.
The developers of Ethereum a decentralized open-source blockchain with smart contracts functionality. have set a new date for the release of the much-anticipated update ‘The Merge’, which will transition the consensus consensus is achieved when all participants of the network agree on the order and content of the blocks in the blockchain. mechanism for that blockchain.
Durante una conferencia telefónica el jueves, el desarrollador principal de Ethereum, Tim Beiko, who runs the central protocol the set of rules that define interactions on a network, usually involving consensus, transaction validation, and network participation on a blockchain. meetings, proposed the 19 September as a tentative date for the upgrade. As reported by Cointelegraph The date was confirmed after facing no objections from the developer community.
El desarrollador de Ethereum identified as “superphiz.eth” on Twitter also confirmed the timeline, however, he clarified that this date should be seen more as a tentative roadmap a roadmap is a high-level visual summary that helps map out the vision as well as the direction of a specific product. than a strict agenda.
This merger timeline is not final, but it is very exciting to see it coming together. Consider it a planning calendar and watch for official announcements.
This merge timeline isn’t final, but it’s extremely exciting to see it coming together. Please regard this as a planning timeline and look out for official announcements! https://t.co/ttutBceZ21 pic.twitter.com/MY8VFOv0SI
— superphiz.eth ???????????? (@superphiz) July 14, 2022
Cronograma para ‘The Merge’
‘The Merge‘, or merging, is the name of the update for the Ethereum which seeks to change change — a concept relevant to cryptocurrencies that use the UTXO model — is the number of coins sent back to a user after they use their unspent outputs to initiate a transaction. the current proof-of-work poW is a type of consensus algorithm that rewards validators according to the amount of computational power they have expended. (PoW) consensus mechanism to a proof-of-stake poS is a type of consensus algorithm that rewards validators according to the amount of crypto they have staked. (PoS) one. The term refers to the coupling of the PoW implementation layer of Ethereum and its proof-of-participation consensus layer, also known as Beacon Chain .
Beacon Chain the PoS version of Ethereum is currently running in parallel to the main PoW-based network. It was launched in December 2020, marking the beginning of the multi-stage upgrade, as it notes Decrypt . El evento The Merge in September will effectively move the core business of Ethereum to your PoS chain.
In its tweet superphiz.eth included a more detailed overview of the next steps for the project, including a final test on the latest testnet an alternative blockchain used by developers for testing. from Ethereum , Goerli which is expected to be launched in the last week of July.
Last week, the testnet Sepolia based on proof of work, was merged with with Beacon Chain and shortly before that the test net Ropsten was also successfully merged. Test networks provide developers with a test environment to try out updates and changes before making modifications to the mainnet. Ethereum .
Se activó nuevo ‘shadow fork’
The news about the schedule came shortly after the activation of a shadow fork or bifurcation in the shadows. As reported by CoinDesk the ninth fork in the shadow of the Ethereum was launched on Thursday, as part of the wider rehearsal programme for the transition to PoS.
That news outlet explains that shadow fork es a smaller test fork that focuses on one or two small changes that should occur when it finally occurs The Merge in the main protocol of Ethereum . During this ninth update, the developers focused mainly on testing updates and releases used in the hard fork Sepolia recent ” but in a more intensive network a network refers to all nodes in the operation of a blockchain at any given moment in time. “, dijo Parithosh DevOps engineer at the Foundation Ethereum .
ETH Rises on Merger Expectations
The developments bring the project one step closer to its long-anticipated transition to PoS, which is expected to improve the energy efficiency of the grid by more than 99%. Once the main network is upgraded, Ethereum will no longer rely on miners contributors to a blockchain taking part in the process of mining. They can be professional miners or organizations with large-scale operations, or hobbyists who set up mining rigs at home or in the office. and the high computing power of specialized equipment. Instead, it will use validators who have bet ( staked ) ETH to achieve consensus.
Los anuncios más recientes parecen haber impulsado al alza el precio de ETH, la criptomoneda nativa de Ethereum . The second largest cryptocurrency cryptocurrencies are digital currencies that use cryptographic technologies to secure their operation. by market an area or arena, online or offline, in which commercial dealings are conducted. capitalization. rose just over 12%. this Friday, in light of the news about the imminent arrival of theThe Merge. As of press time, ETH is trading around USD $1,225.
- Ethereum to shut down several test networks once The Merge is activated on mainnet
- Ethereum completa un hito: The Merge se activa con éxito en la red de pruebas Ropsten
- Everything you need to know about Ethereum Merge and its transition to Proof of Stake
Article by Hannah Estefania Perez / DiarioBitcoin
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