Ethereum: Here’s everything you might not know about Merge
Ethereum’s [ETH] transition to Proof-of-Stake (PoS) consensus has been the most-talked-about topic in the crypto industry.
The craze around Merge can be compared to that of the craze around Bitcoin’s [BTC] whitepaper release. Amidst the hype, speculations, and narratives around ETH, it is important to consider one aspect- Are participating clients or partners ready for the showdown?
Ethereum clients and developers prepared for the successful implementation of the Merge or rather aimed to become ‘Merge’ ready. As per the latest count, ~88% of Ethereum clients are ready for Ethereum Mainnet (execution layer) to combine with the Beacon Chain (consensus layer).
According to EtherNodes, 88.5% of the current execution layer clients “are ready” for the Ethereum PoS Merge. But 11.5% have not yet upgraded to the latest version that supported the Merge.
Herein, most of the “Not-Ready” nodes represented the Geth client (12%), who have yet to upgrade to Geth v1.10.23 or higher.
Source: Ethernodes.org
Other Ethereum clients with node operators that require updating included Erigon, Besu, and Nethermind. Overall, Geth is 88% ready to Merge, Erigon 92%, Besu 99%, and Nethermind 91%.
Needless to say, as the countdown began- more and more clients sought to complete pending tasks for a smooth transition. Meanwhile, the hype around Ethereum continues to see new heights.
Well, that’s, indeed, what benefactors did apart from counting the lucky stars. For instance, considerEthereum Classic [ETC].
ETC’s hash rate grew substantially in the last three months. This was an expected outcome as Ethereum [ETH] shifts to Proof of Stake (PoS). Hence, many miners have opted to shift to ETC mining.
According to 2Miners, the current hashrate of the entire ETC
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