Ethereum's Eco-Friendly Merge Upgrade Goes Live on Final Goerli Test Network

Once finalised, the Merge upgrade will shift from Ethereum’s current Proof-of-Work (PoW) mining model to the energy efficient PoS mechanism.

Advertisement
By Radhika Parashar | Updated: 11 August 2022 12:35 IST
Highlights
  • The network has transitioned to PoS
  • Ethereum’s PoS mining will slash its energy consumption
  • Merge said to be among “most significant moments in blockchain history”
Ethereum's Eco-Friendly Merge Upgrade Goes Live on Final Goerli Test Network

Goerli is the last of three public testnets that the Merge has had to run through

Photo Credit: Unsplash/ Shubham Dhage

Ethereum's ‘Merge' upgrade, that will cut down its power consumption by 99.95 percent, has stepped into its final testing stage on the Goerli test network. The developers working on this update joined Goerli's code with its proof-of-stake (PoS) fork called Parter. While Merge's alignment with Goeri has been activated, the developers will wait for some hours to determine its success post thorough evaluation. Once finalised, the Merge upgrade will shift from Ethereum's current Proof-of-Work (PoW) mining model to the energy efficient PoS mechanism.

The Merge represents the joining of the existing execution layer of Ethereum, or the mainnet that is used today, with its new PoS consensus layer called the Beacon Chain.

Goerli is the last of three public testnets that the Merge has had to run through in recent months. Previously, the blockchain upgrade had shown promising results on the Sepolia and Ropsten testnets.

The network transitioned to PoS when the Terminal Total Difficulty (TTD) exceeded 10,790,000 at about 1:45 UTC, a CoinDesk report noted.

If all goes well, the Merge upgrade will go live on September 19.

Advertisement

The developers are running extensive tests on the Ethereum revamp because DeFi apps reportedly worth over $100 billion (roughly Rs. 7,61,110 crore) are supported on the blockchain, and cannot be risked.

Ahead of its release, the Merge has already garnered support from stablecoin major Tether and Circle Pay, the issuer of USD Coin.

Labelling Merge as one of the “most significant moments in blockchain history”, Tether has decided to start making arrangements to support the Merge in line with its release schedule. Meanwhile, Circle Pay has said that once the Merge has released, it will only use that version of Ethereum for the operations of USD Coin.

Advertisement

The market price of Ether is benefitting from all the buzz and hype that surrounds the release of the Merge.

Advertisement

Ether gained 8.28 percent on the price charts. Maintaining its health, the cryptocurrency is rapidly nearing the mark of $2,000 (roughly Rs. 1.58 lakh). ETH is currently priced $1,961 (roughly Rs. 1.58 lakh), Gadgets 360's crypto price tracker showed.


Why is Oppo making strange choices with its flagship Reno series? We discuss this on Orbital, the Gadgets 360 podcast. Orbital is available on Spotify, Gaana, JioSaavn, Google Podcasts, Apple Podcasts, Amazon Music and wherever you get your podcasts.
Affiliate links may be automatically generated - see our ethics statement for details.
 

Also seeCryptocurrency Prices across Indian exchanges

For the latest tech news and reviews, follow Gadgets 360 on X, Facebook, WhatsApp, Threads and Google News. For the latest videos on gadgets and tech, subscribe to our YouTube channel. If you want to know everything about top influencers, follow our in-house Who'sThat360 on Instagram and YouTube.

Further reading: Cryptocurrency, Ethereum, Merge
Advertisement

Related Stories

Popular Mobile Brands
  1. Asus Launches NUC 15 Pro Mini PC in India With These Features
  2. Airtel Offers Free Year-Long Perplexity Pro Subscription to All Users
  1. JWST Finds Black Hole Between Galaxy Cores, Hinting at Rare Direct Collapse Birth
  2. ESO Captures Clear Images of Interstellar Comet 3I/ATLAS Using VLT
  3. Kaliyugam Now Streaming on SunNXT: Everything You Need to Know
  4. Slack Updated With AI-Powered Enterprise Search, Channel Recaps, Huddles AI Meeting Notes and Translations
  5. Samsung's Launch Timeline for First Tri-Fold Smartphone Leaked; Tipster Hints at New Name
  6. Zoho Unveils In-House Zia AI Model, Launches Multiple Pre-Built AI Agents for Enterprises
  7. Samsung Galaxy S25 FE, Galaxy Tab S11 Ultra Leaked Renders Suggest Design
  8. Vivo X300 Pro Could Feature a 50-Megapixel Sony LYT-828 Sensor, MediaTek Dimensity 9500 SoC
  9. ChatGPT Plus Users Can Now Access Record Mode on ChatGPT for macOS
  10. Microsoft Upgrades Copilot Vision With Desktop Share Feature, Adds Support for Voice Mode
Gadgets 360 is available in
Download Our Apps
Available in Hindi
© Copyright Red Pixels Ventures Limited 2025. All rights reserved.