While there’s 50 days left until the week of September 19, the crypto community has been discussing whether or not Ethereum developers will delay the penciled-in date for The Merge. Moreover, on July 27, the crypto hedge fund Galois Capital published a survey on Twitter that indicates more than 33% of the survey’s respondents think Ethereum could split in two once again.
It’s now a topical conversation: The Merge is delayed in September
The Merge date was officially announced and the price of ethereum (ETH), and ethereum classical (ETC) soared against the dollar. The Ethereum developer and Beacon chain community director, Superphiz, explained that the “timeline isn’t final,” but the planning timeline he shared said The Merge could be implemented on the week of September 19. In essence, the Merge will complete the transformation from a Proof-of Work (PoW), chain to a Proof-of Stake (PoS), consensus model.
After previously being affected by the bear markets downturn, the price for ethereum rose significantly almost immediately after the announcement. In the last 30 day, ETH’s value has risen 62.4% compared to the U.S. Dollar. However, with the date getting closer there’s a lot less hype and people are now wondering if Ethereum developers will delay The Merge fork. The Merge delay has been discussed. topical conversationThis weekend, you can find me on Facebook. One individual wrote:
I think everyone’s too fixated on the September deadline for The Merge that they think everything has to be settled within the next few months. However, what happens if The Merge is delayed once again by Ethereum Foundation?
The Unpopular Question
What’s the probability of “Another Delay in Merge”? #ETH— CryptoVizArt.btc 📈 (@CryptoVizArt) July 29, 2022
Ethereum Supporter Says It’s a ‘Low Probability Bear Scenario if The Merge Is Delayed’
Many Twitter discussions have focused on The Merge being delayed, as well as a variety of possible scenarios. One individual named Chris who calls himself a “retired degen” published a thread that shows the upsides of The Merge if it is successfully implemented with no issues.
Hedge fund guy discovers Ethereum last week: “delay the Merge, you really need to rethink this roadmap thousands of people have been executing against for years” https://t.co/8Vdnq6XYaA
— Mike D🫡das (🏌️♂️, ⛳️) (@mdudas) July 31, 2022
Chris insists The Merge would drop the blockchain network’s energy use down 99.95%, it will make ETH deflationary and institutional investors will flock to the project. Chris also noted that the Merge could be delayed once again, which would create a bear situation.
“A low probability bear scenario is if the merge is delayed, AGAIN,” Chris explained. “A delay isn’t highly probable because the Devs are quite confident enough to set a date for the event. However, some testnets remain to be moved from PoW to PoS. Namely Ethereum’s Goelri and Sepolia.”
Galois Capital Survey Sparks Chain Split and ETH2 Delay Discussions
Twitter has a large following. discussionsTalking about The Merge being delayed by Galois Capital, the crypto hedge-fund Galois Capital has shared a surveyIt asks if people believe that Ethereum will break into two different chains once The Merge has been implemented. 53.7% of the survey’s respondents said The Merge will go smoothly but 33.1% thought the chain could split. There would be a PoW token and a PoS token if it split even though an ETH version PoW already exists.
Question 1: How does the merger work? You can go to questions 2-5 if you choose Choice 2 or 3.
— Galois Capital (@Galois_Capital) July 27, 2022
After the 2016 fork, Ethereum Classic (ETC), was created to fix the DAO Hack. The Galois Capital survey showed that 58% of respondents believe that ETH miners would transition to ETC.
It is best to delay the merge/fork until you can sort this.
— Galois Capital (@Galois_Capital) July 31, 2022
Galois Capital Survey also askedTether could support a PoW token that is separate from PoS ETH if it was possible. Paolo Ardoino, the Tether CEO, disagrees. said on Sunday that Tether plans “to support ETH2.” Ardoino also stressed that “support of ETH2 will be seamless” and he added:
It’s not about what I/we prefer between PoW/PoS. Users should not be disrupted by stablecoins. Particularly, for [decentralized finance] it’s really delicate.
Are you a fan of the discussions about The Merge and questions concerning the possibility that Ethereum could split into two different chains? Are you concerned that The Merge may be delayed, or face problems when it is completed? Comment below and let us know how you feel about the subject.
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