With the Ethereum merge about to take place there has been a lot of hype around it with different organizations and companies, adopting new creative methods to put forward their creative sides. Google has also aspired to do the same and has made a remarkable and interesting move in this sphere. It has come up with new features that are supposed to be added. There are just two days left for the big merge to occur. It is an event that has been waiting for a long time and the Ethereum community cannot keep its calm.
How did Google show its support for the Ethereum merge?
With the merger coming soon several companies and brands have come up with various creative ideas to celebrate the much-awaited event. Google, one of the top companies in the world has also tried to show its support for the upcoming merger with great enthusiasm. It has now started waiting for the merge by utilizing the time or marking the time that is left till the event, with the creation of a new countdown timer.
Let’s take a look at how this countdown timer works
Many must be wondering about the significance of the timer or the function of the timer. This section answers all the questions that people or users must be pondering over, especially those who have been awaiting this merge as much as other brands and the community have. When one types anything that includes any mention of the merge, then the countdown timer appears which displays the time left for the merge to occur. the time displayed is not accurate but am estimated one that is based on three factors. These three factors are as follows:-
• The prevalent difficulty.
• The hash rate.
• The difficulty in the merge.
That is not all the search bar displays but other things such as two pandas on the side. These happy pandas are seen running toward each other with their hands outstretched. The best thing about these pandas is that as the time of the merge gets closer and closer the pandas shall also get closer. It is a special element that Google added to show its support for the merger that is going to be reformational and amazing. It has been said to be one of the best changes that are about to occur in the crypto market for a very long time.
What did the authors at Google say?
The authorities at Google have even shared their comments on the merge that is going to happen and the changes that Google has made to welcome it. Sam Padilla, the developer of google cloud mentioned through a tweet that the timer was just a funny way of showing their acceptance and encouragement for the new change that is going to occur. They have also mentioned that they appreciate the amount of work that has been put into bringing this vision of the merge into life.
Conclusion
Even though all of the work that has been put into Google’s introduction of the fun new element was done by Google’s search and lab teams, ur was Sam Padilla whose idea led to it all. He has also stated that time has a direct relation to the merge. With time, Google is getting more and more involved in the cryptocurrency industry. It has even established a Web3 team for the Google cloud. But the developers at Google are not the only ones who are keeping a watch over it with a lot of enthusiasm and interest. The search for Ethereum merge has scored more than 50 in recent times.
For those who don’t know about the Ethereum merge, the merge is an Ethereum upgrade that was being planned for quite a long time. The main purpose of the upgrade is to improve the network and make it better for its users. This update is being considered as one of the most important ones that can be very beneficial for the whole ecosystem and can completely change it. This may also have long lasting effects on the whole crypto market.
The Merge will indeed merge the Ethereum mainnet with Beacon Chain. As of now, the two chains exist in parallel and the Ethereum mainnet, which presently utilizes a component called proof of work, is handling all the exchanges. After the most awaited merge, the Ethereum mainnet will shift from proof of work to the Beacon Chain’s proof of stake mechanism. The proof stake is a type of consensus mechanism that differs from the conventional proof of work.
As a result of the merge, the whole Ethereum blockchain is supposed to get positively affected along with a wide constellation of services and products that depend upon it. Furthermore, due to Ethereum’s size and strong impact, the destiny of the merge is probably going to affect the more extensive crypto industry. In the meantime, the upgrade to the proof of stake can also influence a huge number of individuals who are Ether miners, a considerable number of whom have put huge capital in the network.
BUT, this is not it. Just recently, bugs have been found in Ethereum by developers. The release date of the merge is somewhere between 10th to 20th September however, it can get further delayed if bugs are being found in it in future as well.
Coming towards the bug that was being found by a developer at Ethereum known as Péter Szilágyi, he stated that he tracked down a relapse that is resulting in a corrupted state. He further explained that it may be one of the pull requests that had converged toward the new storage model or online pruner. In another update, he explained that the issue would probably influence the people who are running the release as it can corrupt their database and can even result in data loss. He also told that the issue regarding data loss occurs on shutdown due to which they were not able to figure out the bug.
Regardless of the issues, the Ethereum developers successfully fixed it within a day. It was further advised by them that the individuals who updated the version must move back to the older version and rerun it and check whether everything was functioning fine. After the release of the new patch, Péter Szilágyi asked the people to hold on until the engineers are done to guarantee that everything is going fine with the version. They also apologized to the community on missing out the issue during the testing and stated that they will try to test better in future.
The people who are into the crypto news and following all the latest updates have likely heard about the ETH merge already. However, there are many aspects of the merge that you all might be unaware of. So, in this article, you will get to know everything about Ethereum merge with EVMOS.
What it’s all aboutEthereum merge
So, Ethereum 2.0 came forward with many exciting things so far and recently the whole Ethereum community is going crazy for this merge. In simple words, the merge is an Ethereum upgrade that was being planned for quite a long time. The main purpose of the upgrade is to improve the network and make it better for its users. This update is being considered as one of the most important ones that can be very beneficial for the whole ecosystem and can completely change it. This may also have long lasting effects on the whole crypto market.
The Merge will indeed merge the Ethereum mainnet with Beacon Chain. As of now, the two chains exist in parallel and the Ethereum mainnet, which presently utilizes a component called proof of work, is handling all the exchanges. After the most awaited merge, the Ethereum mainnet will shift from proof of work to the Beacon Chain’s proof of stake mechanism.
For those who don’t know, proof of stake is a type of consensus mechanism that differs from the conventional proof of work.
Proof-of-Stake Mechanism
After the Ethereum merge or when it is shifted to a proof-of-stake mechanism, the whole network will start depending on validators (trusted entities) in order to get all the transactions verified and to add new blocks to the blockchain. A validator will be picked randomly each time another block is to be added, which will happen every twelve seconds after the merge. By depositing around $61,000 or 32 Ethereum, anybody can get a chance to be a validator. The validators will then be added to an activation line that restricts the pace of new validators joining the network. An “activated” validator will be able to approve and review the new blocks that the Ethereum network proposes to add to its blockchain.
Effects of the Ethereum Merge
As a result of the merge, the whole Ethereum blockchain will get positively affected along with a wide constellation of services and products that depend upon it. Furthermore, due to Ethereum’s size and strong impact, the destiny of the merge is probably going to affect the more extensive crypto industry. In the meantime, the upgrade to the proof of stake will influence a huge number of individuals who are Ether miners, a considerable number of whom have put huge capital in the network. They have to shift towards mining proof of work coins so that can be quite troublesome for them.
In any case, while the merge can turn out to be a terrible case for miners, so far most of the Ethereum community are going to get several benefits out of it. One more significant effect of this merge will be a decrease in the issuance of new Ether. As per many crypto experts, post merge, Ether is probably going to turn into the biggest deflationary currency.
Winding up…
While the vast majority of the Ethereum community are in support of the merge, a group of members are seeing it as a huge mix-up. Now, coming towards its release. The upgrade is going to happen very soon as per the developers. There is no exact date announced yet but there are many things that are indicating that it is going to happen very soon.
