As Ethereum’s milestone event draws even closer, we look at some of the build-up leading to The Merge.
Ethereum’s Big Moves
“The Merge” is undeniably one of the most discussed topics in the industry and has rightfully generated a lot of interest. It is obviously the most significant milestone in Ethereum’s roadmap yet. Having encountered several technical delays over the last few years, the transition in Ethereum’s consensus mechanism finally seems to be in sight. BSC News takes a look at some of the previous developments leading to crypto’s strongest narrative so far.
Ethereum Deploys the Merge on Sepolia Testnet
Earlier in June, Ethereum moved one step closer to “The Merge” after the successful deployment on Sepolia, its second testnet, following a successful launch on the Ropsten Testnet.
Find details on Ethereum’s final testnet for the Merge here.
Does Much-Anticipated Ethereum Merge Really Solve Underlying Issues?
While the Merge may bring significant changes to the entire Ethereum ecosystem, there are still a lot of misconceptions. What exactly are the implications? Does it fix Ethereum’s most-pressing issues of high fees and congestion?
Learn about the implications of the Ethereum Merge here.
Vitalik Buterin Announces Roadmap for Ethereum After The Merge
Ethereum co-founder Vitalik Buterin discussed plans for the Ethereum protocol post-merge at the Ethereum Community Conference (EthCC) in Paris. He stated that Ethereum would undergo four more phases: The surge, The Verge, The Purge, and The Splurge.
Learn more about the phases and Ethereum’s future plans here.
Chainlink Won’t Support Integration With Ethereum PoW Forks After The Merge
As a backing to the Ethereum Foundation and broader Ethereum community’s decision, decentralized oracle network, Chainlink recently declared that it would continue to support operations on the Ethereum blockchain after the Merge and transition to the Proof-of-Stake (PoS) consensus layer. However, forked versions of Ethereum, including Proof-of-Work (PoW) forks, will not be supported.
Learn more about Chainlink’s decision here.
Binance on the Merge: How the Stance of World’s Top Crypto Exchange Could Impact Possibility of Future Ethereum Forks
Like other notable exchanges and platforms, Binance, the world’s leading crypto exchange, has declared support for the Merge and Ethereum’s transition to PoS. However, for Ethereum PoW forks, they would evaluate the support for the distribution and withdrawal of such tokens.
Learn about Binance’s stance here.
Source : bsc.news
Founded in 2020, BSCNews is the leading media platform covering decentralized finance (DeFi) on the Binance Smart Chain (BSC). We cover a wide range of blockchain news revolving mainly around the DeFi sector of the crypto markets. BSCNews aims to inform, educate and share information with the global investment community through our website, social media, newsletters, podcasts, research, and live ask me anything (AMA). Our content reaches hundreds of thousands of global investors who are active in the BSC DeFi space.