Here’s Why Q3-2022 Is Crucial For Ethereum ! ETH Price Can Make a Big Move Within August and November

The post Here’s Why Q3-2022 Is Crucial For Ethereum ! ETH Price Can Make a Big Move Within August and November appeared first on Coinpedia - Fintech & Cryptocurreny News Media| Crypto Guide

Ethereum- the second-largest cryptocurrency in the world- has a highly anticipated merger which is expected to happen between the time frame of August and November. Ethereum’s developer, Tim Beiko, had a conversation with Ben Edgington regarding ETH’s merge date and how to execute it as soon as possible.

Beiko replied to Edgington immediately, saying that due to the technicalities, the merge may be delayed and it is impossible to give an exact time frame for it.  

I still feel like the (late) August-Nov range is roughly right? Speed of fixing bugs and number of new issues encountered is what makes it hard to predict? I think for it to not happen this year, you'd need a catastrophic event/failure/series of normal bugs

— Tim Beiko | timbeiko.eth (@TimBeiko) June 10, 2022

Beiko stated that: “I’m just not as convinced that targeting more than a rough target, date-wise, is possible.” He further stresses the rough target and says: “Catastrophic event/failure/series of normal bugs. If we found 0 more bugs, we can probably merge in a couple of months. I just don’t think that’s realistic. I also don’t think it’s likely we will find 10, or even 5 more severe issues. confidence shrinks exponentially within that range, though.”

According to indicators, the merge is delayed due to the difficulties associated with Ethereum, as developers are still involved in fixing the bugs they discovered during the Ropsten merge.

Please, no lobbying is required. We are already working more hours per day than most people. And also trying to innovate at the same, all with very limited pool of people. I don't think we need these corporate psy-ops like "sense of urgency" here We know what we are doing

— Alexey Sharp (@realLedgerwatch) June 10, 2022

When Will the Merge Eventually Happen?

Vitalik Buterin wrote not just about the Ethereum merge, but he also added the risks associated with it. 

It was supposed to take place in January, but due to the technicalities, the developers had to keep postponing the merge. Lately, one of the most important testnet on Ethereum, named Ropsten testnet, completed its merge very recently on June 8, followed by a beacon chain launch on May 30. 

Thus, the possibility of ETH’s merge seems closer after the successful merge of the Ropsten testnet, which is quite similar to the Ethereum mainnet, and also the announcement of the next merge of the Goerli testnet.