ETH 2.0 Merge Upgrade Detailed and Release DataHello all traders and investors.
according to go approch ETH 2.0 Merge upgrade
Today i decide to explain more about that and tell you more
about wahts going to happen.
I try to explain as simple as possible
Whithout killing time lets go...
What is The Merge?
The Merge represents the joining of the existing 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.
It's important to remember that initially, the Beacon Chain shipped separately from Mainnet.
Ethereum Mainnet - with all it's accounts, balances, smart contracts, and blockchain state - continues to be secured
by proof-of-work, even while the Beacon Chain runs in parallel using proof-of-stake.
The approaching Merge is when these two systems finally come together, and proof-of-work is replaced permanently by proof-of-stake.
Merging with Mainnet
Since genesis, proof-of-work has secured Mainnet.
This is the Ethereum blockchain we're all used to—it contains every transaction, smart contract, and balance since it began in July 2015.
Throughout Ethereum's history, developers have been hard at work preparing for an eventual transition away from proof-of-work to proof-of-stake.
On December 1, 2020, the Beacon Chain was created, which has since existed as a separate blockchain to Mainnet, running in parallel.
The Beacon Chain has not been processing Mainnet transactions.
Instead, it has been reaching consensus on its own state by agreeing on active validators and their account balances.
After extensive testing, the Beacon Chain's time to reach consensus on more is rapidly approaching.
After The Merge, the Beacon Chain will be the consensus engine for all network data, including execution layer transactions and account balances.
The Merge represents the official switch to using the Beacon Chain as the engine of block production.
Mining will no longer be the means of producing valid blocks.
Instead, the proof-of-stake validators assume this role and will be responsible for processing the validity of all transactions and proposing blocks.
No history is lost. As Mainnet gets merged with the Beacon Chain, it will also merge the entire transactional history of Ethereum.
You don't need to do anything. Your funds are safe.
What do I need to do to get ready?
You do not need to do anything to protect your funds entering The Merge.
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.
Despite swapping out proof-of-work, the entire history of Ethereum since genesis remains intact and unaltered after the transition to proof-of-stake.
Any funds held in your wallet before The Merge will still be accessible after The Merge. No action is required to upgrade on your part.
Take away from scammers after 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.
Ethereum Merge Date
The Ethereum merge date and transition to proof-of-stake is expected to take place on September 19, 2022.
We have some Testnet examination before Merge.
I list them for you below:
- Goerli/Prater client releases 27th or 28th of July.
- Announce 28th/29th.
- Prater Bellatrix on the 8th of August
- Goerli Merge on the 11th.
- ACD 18th August plan mainnet Merge:
- Bellatrix early september;
Merge two weeks later (week of Sept 19th).
and additionally i attached a Technical Analysis for ETH/USDT
After we surpass 1700 Resistance , we reach 1800 now and we pass it too.
now we are on road to strong 2000 resistance and after that 2400.
According too incredible happenings for ETH 2.0 and the U.S. inflation record
a peak i think we will see this levels in coming days.
Additionally we see 3 strong candle patterns on 1800 breaked Resistance
1 - Marobuzu Candle
2 - Morning star pattern
3 - Bullish Engulfing
Like i show on the chart.
These patterns are showing a strong demand in this zone.
Hope you enjoy this article.
please share me your opinions in comments
and i want for all of you a lot of profits.
thanks for reading.
