Estimated Target Date: Thu Sep 15 2022
Estimated Block Height: #15537393
The estimate is based on the target Terminal Total Difficulty (TDD) of 58750000000000000000000. The TTD is based on Proof-of-Work difficulty and is thus a bit hard to estimate precisely.
What Is The Merge?
The Merge represents the joining of the existing proof-of-work execution layer of Ethereum (the Mainnet we use today) with its new proof-of-stake consensus layer, the Beacon Chain. It eliminates the need for energy-intensive mining and instead secures the network using staked ETH. A truly exciting step in realizing the Ethereum vision – more scalability, security, and sustainability.
What Happened to 'Eth2'?
The term 'Eth2' has been deprecated as we approach The Merge.
After merging 'Eth1' and 'Eth2' into a single chain, there will no longer be two distinct Ethereum networks; there will only be Ethereum.
To limit confusion, the community has updated these terms:
- 'Eth1' is now the 'execution layer', which handles transactions and execution.
- 'Eth2' is now the 'consensus layer', which handles proof-of-stake consensus.
These terminology updates only change naming conventions; this does not alter Ethereum's goals or roadmap.
Learn more about the 'Eth2' renaming
What Do I Need to Do to Get Ready?
As a user or holder of ETH or any other digital asset on Ethereum, as well as non-node-operating stakers, you do not need to do anything with your funds or wallet before The Merge. As we approach The Merge of Ethereum Mainnet, you should be on high alert for scams trying to take advantage of users during this transition. Do not send your ETH anywhere in an attempt to "upgrade to ETH2." There is no "ETH2" token, and there is nothing more you need to do for your funds to remain safe.
Will The Merge Reduce My Ethereum Gas Fees?
No. Gas fees are a product of network demand relative to the network's capacity. The Merge deprecates the use of proof-of-work, transitioning to proof-of-stake for consensus, but does not significantly change any parameters that directly influence network capacity or throughput.
For more information, please refer to Ethereum Foundation.
Ethereum
PoS
