What is the Ethereum merge Countdown?

The Ethereum merge countdown is on — as the world approaches this vital event in the blockchain space, here's what investors need to know. The Ethereum merge countdown is on. The network is about to undergo its biggest change ever, and according to experts it's also arguably one of the most critical events in the history of cryptocurrencies.

What is the Ethereum merge upgrade?

The Merge upgrade is Ethereum's long-awaited migration from its current "Proof-of-Work" consensus mechanism to a "Proof-of-Stake" system. The Merge actually happens in a two-step process, which have been named the Bellatrix & Paris upgrades. The Merge was officially kicked off by Bellatrix, which took place on Sept 6th 2022 at 11:34:47am UTC.

What happened to Ethereum?

On Aug. 10, Ethereum went through its final dress rehearsal, with its test environment network called “Goerli” completing a Merge successfully. The Bellatrix hard fork, which marks the start of the Merge, was activated on Sept. 6.

Did the merger change ether issuance?

No history was lost in The Merge. As Mainnet merged with the Beacon Chain, it also merged the entire transactional history of Ethereum. This transition to proof-of-stake changed the way ether is issued. Learn more about ether issuance before and after The Merge. The Merge did not change anything for holders/users.