With the Ethereum merge expected to take place between Sept. 10 and Sept. 20, Binance said it will refund users affected by a potential fork of the Ethereum chain an equal amount of their ETH holdings. Binance announced on Aug. 25, its plan to support and protect users’ funds regardless of the outcome of the…
Coinbase has launched a liquid token for its users who staked their Ethereum (ETH) on its platform called cbETH, according to an August 24 announcement. Coinbase will add support for Coinbase Wrapped Staked ETH (cbETH) on the Ethereum network (ERC-20 token). Do not send this asset over other networks or your funds will be lost….
Ethereum (ETH) Foundation has confirmed that the mainnet migration to a proof-of-stake network will be triggered at a Terminal Total Difficulty (TTD) of 58750000000000000000000, scheduled to happen between Sept. 10 to Sept. 20. According to the Aug. 24 blog post, the first step towards the migration is the Bellatrix upgrade scheduled for 11:34 UTC on…
Two Ethereum clients, Nethermind and Go Ethereum, have discovered bugs in their mainnet merge updates. Ethereum developer Péter Szilágyi first noticed the bugs and announced via Twitter that Geth 1.10.22 — Promavess — contains a regression. Aaand our latest release is borked. 😕 Geth 1.10.22 contains a regression that causes the trie/state to go bad….
A Twitter poll by node operator @cryptovium revealed that most Ethereum miners intend to mine Ergo after the Merge. “With the imminent #PoS $ETH merge, I’m curious what all the #miners out there are planning on moving their rigs to.“ The Ethereum Merge is imminent Recent estimates give September 19 as the date the Merge…
Ethereum 2.0 client Teku released the version 22.8.1 update on August 22, including the Bellatrix network upgrade and Merge configuration. The document stated that all mainnet users must complete the upgrade before September 6 in preparation for the Ethereum Merge scheduled for September 15. Teku v22.8.1 is now available. This is a required update for all…
The Merge has been a hot topic of conversation within the Ethereum ecosystem for years. The third revision of the original Ethereum whitepaper included references to proof-of-stake in 2014. Vitalik Buterin added references to PoS, stating that both PoW and PoS can “serve as the backbone of a cryptocurrency.” “The mechanism behind proof of work…
Coinbase CEO Brian Armstrong said on August 17 that the firm would shut down its staking services if regulators wanted it to censor transactions as a validator. It’s a hypothetical we hopefully won’t actually face. But if we did we’d go with B i think. Got to focus on the bigger picture. There may be…
The long-awaited Merge will connect Ethereum’s existing execution layer to its Proof-of-Stake consensus layer and general market sentiment has investors buying in preparation for a sustained pump as this is a milestone event in the project’s evolution. However, analysis of the options market suggests the Merge may be a “buy the rumor, sell the news”…
Ethereum (ETH) foundation revealed that the Merge would not reduce gas fees, and it will not enable staking withdrawals until the Shanghai upgrade in an August 17 note. Gas fees will not be lower According to the foundation, the Merge will not reduce Ethereum gas fees because it is a “change of consensus mechanism” and…