Claim BonusEthereum Merge Delay? Developers Concerned Over Shadow Fork
In the recent Ethereum Core Devs Meeting, the developers working on the Ethereum merge discovered many issues regarding the readiness of client teams for the merge.
Despite the issues, the developers remain confident to be able to deploy the merge on the Sepolia testnet by the 6th of July.
Shadow Fork Raises Questions On Merge Readiness
In the dev meeting, a long discussion was held regarding the issues surrounding Wednesday’s 7th mainnet shadow fork. According to the devs, the merge went poorly. 20% of the nodes dropped off after the activation and even more fell afterward.
Alexey Sharp, an independent researcher pointed out that part of the trouble, especially with the Erigon nodes, was related to the nature of shadow forks and not the merge itself. Similarly, the issue with Hyperledger Besu nodes was due to a concurrency bug in the nodes using bonsai tries. 25% of the network validators use the Besu software. These validators faced issues following the merge’s activation.
Nethermind-Teku client pair also discovered an issue, but the root cause for this is still being investigated.
However, the developers remain confident to be able to deploy the merge on the Sepolia testnet on 6th July 2022.
It is important to note that the Gray Glacier hard fork will take place on the 29th of June. This hard fork will change the parameters of the Ice Age/Difficulty Bomb upgrade by pushing it back by 700,000 blocks. That is roughly equivale to 100 days.
The Sepolia deployment on the 6th of July gives the clients ample time after the Gray Glacier upgrades to prepare for all the software issues.
How The ETH Prices Will Respond
Ethereum’s supply post-merge will go down by as much as three Bitcoin halvings. Lark Davis, a major crypto influencer and investor, shared that a successful merge would mean more belief in Ethereum combined with less supply, which could cause Ethereum prices to skyrocket.
Currently, ETH prices have rallied by over 20% to reach $1,220. How a successful merge affects the trend remains to be seen.
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
- Crypto Market Crash Deepens as Bitcoin Falls to $70K amid Bear Market Jitters
- CLARITY Act: Crypto Firms Propose New Changes to Advance Stalled Market Bill
- Binance Denies Fake Cease-and-Desist Claim Amid Bankruptcy Rumors
- Bitcoin Crashes to $72k as U.S.–Iran Tensions Rise After Talks Collapse
- Bringing Compute Power to the Masses in a Sustainable, Decentralized Manner
- Dogecoin Price Prediction After SpaceX Dogecoin-Funded Mission Launch in 2027
- Solana Price Crashes Below $95 for the First Time Since 2024: How Low Will SOL Go Next?
- Ethereum Price Eyes a Rebound to $3,000 as Vitalik Buterin Issues a Warning on Layer-2s
- Pi Network Price Outlook as Bitcoin Faces a Strong Sell-Off Below $80k
- Bitcoin Price Prediction As US House Passes Government Funding Bill to End Shutdown
- Ondo Price Prediction as MetaMask Integrates 200+ Tokenized U.S. Stocks
