The Ethereum Merge is Coming: CoinBase to Pause Transactions

Submitted by Aaron Goldstein on

Written by :

Aaron Goldstein

Published on :

Ethereum is anticipated to move to Proof-of-Stake (PoS) on or around September 15, 2022 making it more secure, less energy-intensive, and better for implementing new scaling solutions.  Coinbase and other crypto exchanges are pausing Ethereum and ERC-20 withdrawals and deposits during the merge.

The pause is a precautionary measure, Coinbase noted, with the downtime used to “ensure that the transition has been successfully reflected by our systems.”

Ethereum is now anticipated to complete the Merge on or around September 15, 2022 (TTD 58750000000000000000000). Six years in the making, this milestone will reduce energy consumption for the Ethereum network by a projected 99.95% compared to PoW.

With the rise of DeFi and NFTs, the Ethereum network has endured traffic bottlenecks and unpredictable spikes in transaction (gas) fees.

- Aaron Goldstein, Gambling911.com

 

Business & Financial
CRYPTOCURRENCIES
Crytpo Gaming
Gambling Companies

betonline Ace Per Head pro bookiesBetMania 

betphenix sportsbetting skybookamericascardroom

Related Content

É Possível Apostar na BC.Game a Partir do Brasil?

É Possível Apostar na BC.Game a Partir do Brasil?

A BC.Game está disponível para apostas a partir do Brasil. Na verdade, o país representa atualmente um dos maiores mercados de apostas da BC.Game.
Rivers Casino Schenectady Seen as Vital to That City's Growth

Rivers Casino Schenectady Seen as Vital to That City's Growth

A glowing report released this week highlights just how vital Rivers Casino Schenectady has been to the New York city's growth and revitalization over the past decade.
Switching From One Pay Per Head to Another: How Easy is the Transition?

Switching From One Pay Per Head to Another: How Easy is the Transition?

The first week of the 2026 NFL season was a rough one for bookies and agents. We hear you.
ACR Poker Launches Investigation Into Video Circulating on Net: 'RTA Has No Place on ACR Poker'

ACR Poker Says TrenirusGTO Strictly Forbidden After Video Surfaces : 'RTA Has No Place on ACR Poker'

ACR Poker on Thursday issued a statement in regard to a video circulating across the internet showing a controversial poker software product called TrenirusGTO being used alongside their online poker client.... They later found the account in question.