The Ethereum Merge, the year’s biggest event in the world of crypto, is here.
According to the Ethereum Foundation:
The Merge represents the joining of the existing execution layer of Ethereum (the Mainnet we use today) with its new proof-of-stake consensus layer, the Beacon Chain. It eliminates the need for energy-intensive mining and instead secures the network using staked ETH. The Merge will reduce Ethereum’s energy consumption by ~99.95%.
It starts today, that is, 6th September, 2022 with more upgrades coming around 13th September, 2022.
For an easy to understanding of Ethereum “Merge”, go here.
We’re glad to inform you that BuyUcoin will support the Ethereum Merge and we are closely monitoring all emerging developments. For the moment, there will be no impact to your investments, trades or holdings of Ethereum (ETH), and you may continue to buy and sell on BuyUcoin as usual.
In the event of a hard fork, where a new token is introduced, the forked token will undergo the same rigorous review process as any other coin listed on BuyUcoin. We will share more details if and when that happens.