The Beacon Chain’s Bellatrix upgrade is scheduled for the epoch.
If the network gains a greater hash rate, TTD will be attained sooner.
The Ethereum (ETH) Foundation announced on its website that “The Merge” is an impending switch to a Proof of Stake (PoS) consensus final activated date on Wednesday.
According to the foundation, The Bellatrix upgrade on the Beacon chain will take place on September 6 as previously scheduled.
After years of hard-working effort, Ethereum’s Proof of Work (PoW) to the Proof of Stake mechanism for the Mainnet will be live between September 10 and 20, after attaining a particular Total Difficulty value known as the Terminal Total Difficulty (TTD).
A Beacon Chain validator will generate the next block after the execution layer reaches or exceeds the TTD. Once the Beacon Chain has finalized this block, the Merge transition appears to be finished.
Upgrade levels of The Merge (Source: Ethereum Foundation)
Furthermore, to improve the standards and provide a high level of security for its smart contract, the Ethereum team engages with ImmuneBytes, one of the top security consulting firms. Therefore, the security audit function will provide reliable security auditing solutions to digital assets users.
The Merge Triggered the ETH Performance
The Ethereum Mainnet upgrade triggered the ETH price. According to CoinGecko, Ethereum traded at $1,701 with a trading volume of $14 billion. ETH price is up 3.9% in the last 24 hours. and when compared on a 30-day basis Ethereum increased by $17.3%.
Ethereum price chart (Source: CoinGecko)
Additionally, Ethereum’s future trading volume overtakes Bitcoin. Likewise, for the first time since March, the overall futures trading volume climbed by 13.4% to $3.12 trillion, indicating an increase in speculative activity.