Ethereum’s upcoming merge shouldn’t be a surprise to the market, but some problems may still occur during the transition
According to the testnet merge, the merger of Ethereum with the Beacon chain should be off without any problems for users, which we saw recently. But despite the absence of major outages and problems with the network, updates may not be as smooth on the mainnet. Be expected,
As data from validators shows, about 14% of all validators had downtime during the transition, which should not be a problem during transactions on the mainnet. The majority of validators had an issue with the nimbus-team configuration, which was fixed by redistribution.
The other 5% had issues with minor bugs that caused downtime and were fixed with a simple reboot of node.
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By introducing issues on the mainnet transition, the developers found that only 9% of operators would face issues and configuration issues. Two minor bugs that appeared during the testnet transition would affect only a minority of all stakes on the network.
If Ethereum faced similar issues during its merger with the mainnet, then the transition should be considered a surprisingly successful given the size of the network and the number of operations taking place inside it.
Earlier, U.Today observed that traders and investors are not feeling so excited about the merge and do not think that the successful transition to the largest Ethereum testnet should affect the price in any way.
We are yet to see market reaction when the actual merge happens, but analysts don’t expect the update to be anything extraordinary as most investors and traders in the market have already priced the update, unless something normal happens .
At press time, Ethereum is trading at $1,767 and has lost 1% of its value over the past 24 hours.
