BSCN
by BSCN
August 27, 2022
As Ethereum's milestone event draws even closer, we look at some of the build-up leading to The Merge.
"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.
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.
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.
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.
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.
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.
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