YOP Finance and The Ethereum Merge
Now that we draw closer to the Ethereum Merge, we wanted to provide some additional information about this significant event in the blockchain community.
The Ethereum Merge is a network upgrade that will change Ethereum’s current consensus mechanism from “Proof of Work” (PoW) to “Proof of Stake” (PoS). The Merge is due to occur on or around the 15th September 2022. This is based on the Terminal Total Difficulty value of 58750000000000000000000 being hit, which will then trigger The Merge.
For more details on The Merge event timing prediction, check out 👉 https://bordel.wtf/
Or you can watch a countdown to the Merge here 👉https://coinmarketcap.com/events/eth-merge/
Will the Merge affect you?
Your assets will be safe and secure during this period and there is no action required of you, but we are sharing information on what to expect during the Merge.
No action is needed from you but stay alert for scams
It’s important to always be on high alert for scams, but especially leading up to the Merge. We recommend you don’t send your ETH to anyone in an attempt to “upgrade to ETH2” as there is no ETH2 token. Your assets will be safe and secure during this period and no action is required to upgrade on your part.
There is talk of an Ethereum fork to create a new PoW version, ETHPoW. A word of warning on ETHPoW. If the ETHPoW ChainID remains as 1, as it is now (the same as ETHPoS) do not attempt to interact with the fork at any point. Doing so would expose you to replay attacks on the PoS chain that could be executed without your permission
The Merge Streaming Parties
For those of you who want to join in with The Merge fun, there are a number of The Merge streaming parties. Check out below for the pick of the bunch:
- Eve of the Merge Livestream — Bankless — Sept 14th 9pm UTC
- Eth Merge Viewing Party — Ethereum Foundation — Sept 15th 3am UTC
- Post-Merge Vibe Sesh with the Ethereum Community — Bankless — Sept 15th 1pm UTC
- Weekly Rollup Merge Recap Livestream — Bankless — Sept 15th 4pm UTC
We hope you enjoy this monumental crypto event! 🚀🚀🚀