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The Ethereum Foundation confirmed that the network upgrade - known as The Merge - will be completed between September 10 and 20 after the Bellatrix upgrade is complete. This event will go live on Beacon Chain and is scheduled for September 6 at 11:34:47 AM PT. m. UTC. “After years of hard work, the Ethereum Proof of Stake update is finally here! The successful upgrade of all public testnets is now complete, and The Merge has been scheduled for the Ethereum mainnet. Read more: > This is how The Merge will impact the price of ETH On the other hand, the transition part of the execution layer, Paris, will be activated with the Terminal Total Difficulty (TTD) value of 58,750,000,000,000,000,000,000. Furthermore, they explained that the exact date of the upgrade completion will be determined by the Proof-of-Work (PoW) hash rate. Expectations about The Merge Ethereum will go from the Proof of Work (PoW) mechanism to the Proof of Stake (PoS) mechanism. After several experiments with test networks, specialists are optimistic that the update will be successful. Arthur Hayes, former CEO of BitMEX, suggested that ETH will rally in the medium term if the upgrade goes smoothly. “The structural reduction of inflation will only happen after the merger. I expect we will see it similar to the Bitcoin halvings. That is to say, we all know the dates on which they will occur, and yet Bitcoin always recovers after the halving”,
