Everything You Need to Know About the Upcoming Ethereum Merge

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Dear Users,

The Ethereum network is undergoing a series of upgrades, introducing dozens of changes to the network, including a move from the Proof-of-Work consensus mechanism to Proof-of-Stake.

Monday’s successful activation of the Bellatrix upgrade is one of the final steps before the completion of the Merge, a software update that is expected to be completed between September 13-15.

Kyrrex supports the Merge, providing the highest level of security and privacy for users. If the Merge is successful, ETH holders (in wallets, in staking, or in orders) will receive the updated ETH tokens by airdrop on a new consensus.

However, deposits and withdrawals on the Ethereum network will be temporarily unavailable during the upgrade. After the successful upgrade, all ERC-20 functions and operations will be restored on Kyrrex.

Trade ETH

What is the Merge (Ethereum 2.0)?

The Merge represents the joining of the existing execution layer of Ethereum with its new Proof-of-Stake consensus layer. It eliminates the need for energy-intensive mining and instead secures the network using staked ETH. A truly exciting step in realizing the Ethereum vision – more scalability, security, and sustainability.

Why it's important?

Ethereum will likely hold center stage for weeks, as crypto investors await the results of the Merge, which was first announced in December 2020. With the move, minting new Ether tokens will consume much less energy than before. The potential also exists for the supply of Ether to become reduced post-Merge, which would make it a deflationary currency. A more limited supply of ETH will likely lead to higher valuations for holders.

Use this opportunity for your profit!

Regards,

Kyrrex team

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