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The recent drop in the rate of the Ethereum (ETH) cryptocurrency could be triggered by problems associated with the “Merger” update.
ETH developer Tim Beiko spoke about the discovery of two bugs during the testing of the update for the blockchain. During software testing in the Goerli test network, there were problems in the process of adding blocks in the Erigon and Nethermind clients. Specialists are working on fixing errors and in the future are going to conduct an additional check of the software.
The day after the publication of Beiko’s message, the price of Ethereum flew sharply down. For two days, the value of the coin fell by almost 19% and on Sunday reached the bottom at around $ 1524 (on the Bitstamp exchange).
The fall of the Ethereum rate from August 19 to 21
Despite the bugs found, employees of the Ethereum Core organization did not postpone the release of the “Merger” and planned the release of the update on September 15. Therefore, in less than four weeks, the ETH network will switch from the PoW consensus algorithm to PoS, which will mean the cessation of coin mining.
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