September 27, 2022

Ethereum Merge Activated and First Era Completed

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On September 15, 2022, it was reported that the first era of the Ethereum Merger had been successfully completed. This was stated by the co-founder of the project Vitalik Buterin. He assured: this is an important moment for the development of the entire Ethereum ecosystem. Everyone who helped make the Fusion should feel proud today, he says.

According to official data from the developers of the Ethereum network (Ethereum), The Merge was activated at 9:44 am Moscow time on September 15, 2022. Currently, all transactions are processed based on Proof-of-Stake (PoS) confirmation of ownership. At the time of activation, the programmers wrote that the first slot had not yet been processed, this should have happened within 12 minutes. They were waiting for the end of epoch 146876.

Also, the Ethereum Foundation reported that about 4% of validators became a victim of failures after the activation of the Confluence. The company noted: this is not enough to affect the operation of the network. Members may take time to correct configuration issues before returning online.

According to experts, the Merge update, which moved Ethereum from proof of work (PoW) to proof of stake (PoS), is one of the biggest technological developments in the cryptocurrency industry in its history.

The Merge Update was triggered at a negotiated total terminal complexity (TTD) on the Ethereum health check chain. This update has been in development since 2020 and was the last step in the transition.

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