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Ethereum’s Vitalik Buterin Says Date of the Merge Depends On Hashrate

The merge of Ethereum is just around the corner, and this brings lots of assumptions about what will happen when it finally takes place. Check out the latest reports below.

Now, Vitalik Buterin addresses the important event.

Buterin talks about ETH’s merge

According to the latest reports, the co-founder of Ethereum (ETH) is providing an update about when the project will initiate the long-awaited network transition from proof-of-work (PoW) to proof-of-stake (PoS).

Leading smart contract platform creator Vitalik Buterin gives his 4.1 million Twitter followers a detailed technical breakdown of the computing power required to complete the final block on Ethereum before the switch to ETH 2.0. This is a metric known as terminal total difficulty (TTD).

It seems that Buterin anticipates September 15th will mark the milestone event, as long as one factor holds.

“The terminal total difficulty has been set to 58750000000000000000000. This means the Ethereum PoW network now has a (roughly) fixed number of hashes left to mine.”

He continued and said the following:

“Bordel.wtf predicts the merge will happen around September 15, though the exact date depends on hashrate.”

He also said that he expects the price of ETH to rise a lot once the transition turns out to be successful.

At the moment of writing this article, ETH is trading in the green and the coin is priced at $1,995.

ETH’s comeback is not over

Galaxy Digital founder and CEO Mike Novogratz says Ethereum (ETH) possesses more upside potential even after surging by over 90% from its 2022 low reached in June.

Novogratz said during a Bloomberg interview that Ethereum could rise higher if it manages to break through a key resistance level at $2,200.

He continued and said the following:

“Ethereum’s got a little bit more juice to the top of its range. If it takes out $2,200 it could go higher. That’s got a real story.”

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