Buy $GGsBreaking: Ethereum Co-Founder Vitalik Buterin Says The Merge Is Coming Sooner
Ethereum co-founder Vitalik Buterin in a tweet on Tuesday said the Merge is expected to trigger between September 13-15. The increase in the network’s hash rate is pushing the Merge to come sooner than September 15.
The Bellatrix upgrade is scheduled to happen today on the Beacon Chain in epoch 144896 at 11:34:47 am UTC. The ETH Price soars over 6% ahead of the Bellatrix hard fork.
Vitalik Buterin Predicts the Merge Between September 13-15
Vitalik Buterin, co-founder of Ethereum, in a tweet on September 6 anticipates the Merge to happen between September 13-15. He also reminds users to update their clients before the Bellatrix hard fork scheduled for epoch 144896 on the Beacon Chain at 11:34:47 am UTC.
“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!”
According to OKLink’s Ethereum The Merge Countdown, the readiness for the Merge has reached almost 99%. Moreover, the network hash rate is 892.23 TH/s, still above the needed level of 872 TH/s which is enough to trigger the merge of Ethereum Mainnet and Beacon Chain at the set terminal total difficulty (TTD) of 58750000000000000000000.
The Bellatrix hard fork prepares the Beacon Chain (consensus layer) for the merge with Ethereum Mainnet (execution layer). All nodes need to update clients to successfully validate blocks after the hard fork. The hard fork adds new rules to the protocol.
The next upgrade will be Paris hard fork, which will happen on the execution layer. Followed by the Merge between September 13-15.
According to Ethereum Foundation’s recommended Merge date tracker, the estimated date is September 15 at 09:44:01 UTC. The data changes as per the hash rate. However, the most likely date is September 14.
Ethereum (ETH) Price Rises Before the Hard Fork
The Ethereum (ETH) price is rising ahead of the Bellatrix upgrade. The ETH price has soared over 6% in the last 24 hours, with the current price trading at $1,659.
The trading volume has jumped higher to 65%. Also, Ethereum has made a 24-hour low and high of $1,559 and $1,670. However, the rally will be short-lived as the ETH price is set to be deflationary after the Merge.
Play 10,000+ Casino Games at BC Game with Ease
- Instant Deposits And Withdrawals
- Crypto Casino And Sports Betting
- Exclusive Bonuses And Rewards
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more… to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Delivered every day.
- Insights that move markets
- 100,000 active subscribers
Related Articles
- Analyst Predicts Bitcoin Price Dip to $55K as ETFs See Outflows Amid Middle East Tensions
- Ethereum Co-founder Sparks $157M Sell-Off Fears as ETH Struggles Below $2k
- Analyst Predicts XRP Price Could Fall to $1 as XRP ETFs Record Net Weekly Outflows
- U.S.-Iran War: Trump Threatens to Hit Iran ‘Very Hard’ Today as Bitcoin Faces New Selling Pressure
- Crypto Market Weekly Recap: US-Iran War Steer Crypto Prices, Kraken Gets Fed Master Account, Tokenization Push March 2-6
- Dogecoin, Pepe coin, and Shiba Inu Price Prediction As BTC Crashes Below $70k
- Here’s Why Cardano Price Has Not Reclaimed $0.30
- Will XRP Price Crash as U.S. Nonfarm Payrolls Fell by 92,000 in February?
- Pi Network Price Eyes a 40% Surge as Pi Day Looms on March 14
- Top Reasons Why Circle Stock Price is Surging
- Gold Price Prediction as US-Iran War Hits the Second Week
