The Ethereum Foundation explained how the Merge upgrade will take place in two different parts on the consensus layer and the execution layer.

The Ethereum Foundation, the nonprofit organization that runs the Ethereum blockchain network, has finally confirmed the dates for the Merge upgrade in the coming month of September. The Ethereum Foundation noted:

“After years of hard work, the Ethereum proof-of-stake upgrade is finally here! The successful upgrade of all public test networks is now complete, and the merge has been scheduled for the Ethereum core network.The merge is a two-step process. The first step is a network upgrade, followed by the transition of the execution layer from proof of work to proof of stake.”

The transition to Ethereum PoS will begin with the planned Bellatrix upgrade on the Beacon chain on September 6. The Beacon chain is the consensus layer of the Ethereum blockchain.

Thereafter, the Paris upgrade will be triggered by a total difficulty threshold called “Terminal Total Difficulty” (TTD). The Ethereum Foundation said Paris, the execution layer portion of the transition, will be triggered by the 587500000000000000000000000 Terminal Total Difficulty, expected between September 10 and 20.

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The Ethereum Foundation explained the software upgrade

The Ethereum software upgrade will move the network from the current Proof-of-Work model to a Proof-of-Stake model. Ethereum’s PoS model will be more efficient and scalable, while providing a low-cost ease of transition for all ETH users.

The Ethereum Proof-of-Stake network relies heavily on validators instead of miners. To run a node on Ethereum PoS, validators must lock in money to prove their reliability to the network.

So, according to the Ethereum Foundation, after the merge upgrade, the Ethereum PoS will not consume much computing power, unlike the current Ethereum blockchain. This will make the Ethereum blockchain more environmentally friendly, which will solve one of the main problems of energy consumption. According to previous reports, Ethereum PoS will consume 99% less energy than Ethereum PoW. Edul Patel, CEO and co-founder of global crypto-currency investment platform Mudrex, told Bloomberg:

“The Ethereum Foundation has released new information about the upcoming upgrade, indicating that all preparations are going smoothly. The announcement confirmed that the upgrade will be fully completed between September 10 and 20. This announcement could likely keep buyers active in the market, pushing the price of ETH higher.”

The price of ETH has corrected nearly 20% over the past week. At press time, ETH is trading at $1,705 with a market cap of $208 billion.

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