What Are Odds Of Ethereum Merge Failure?: Experts Predict
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Amidst the anticipation of the upcoming Ethereum network update, The Merge is set to happen in the coming days. The Ethereum Foundation had already announced the shutdown of the Ethereum Merge testnet Kiln within the next week. The developers stated that a possible timeline could be anywhere from the 13th to the 15th. September In this context, part of the crypto community expects the asset price to increase after the merger.
Ethereum Merge marks the transition of the network from proof of work consensus to proof of stake. The upgrade is expected to reduce operating energy costs significantly.
Failing to merge Ethereum?
At the same time, experts predict that the probability of failure of Ethereum Merge is lower. The Bellatrix update was recently completed in the Beacon thread, the last update before The Merge. In fact, crypto influencer Ran Neuner said that the probability of The Merge failing is negligible. However, he said there is a 10 percent chance the move could face obstacles.
“There is a 90% chance that The Merge will proceed without hiccups, with a 10% chance of potential hiccups. There is a negligible chance that the Ethereum Merge will fail.”
After the successful completion of the Bellatrix update, Ethereum (ETH) price responded positively. Over the past week, the cryptocurrency rose by more than 10%. At the time of writing, ETH is trading at $1,722.27, up 0.18% in the last 24 hours, according to price tracking platform CoinMarketCap.
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