Ethereum gone wrong? Here are 3 signs to keep an eye on during the Merge

It is a mistake to assume that Ethereum will simply transition to a fully functional proof of stake (PoS network) after the Merge. This ignores the effort and risk involved in moving an asset with a $193 Billion market capitalization and 400 decentralized apps (DApps).

Monitoring vital network conditions is crucial for traders who plan to trade the event, which is scheduled for September 14, according to ethernodes.org. Traders should also be ready to spot any unusual developments in the event of an emergency.

The Beacon Chain holds another $5.3 billion worth of Ether, in addition to the $34.2 billion total value that smart contracts have locked into them. Many tokens, oracle providers and stablecoins use the network to create layer-2 scalability solutions.

This partly explains why Merge was delayed multiple times over the years. It is also why it has been deemed the greatest upgrade in network history.

Three different testnets were subject to the Merge. Goerli was the most recent on Aug. 11. Curiously, minor problems were found in all testnets, Ropsten included, as well as Sepolia. Marius van der Wijden, an Ethereum developer, noted that the process was slowed by “two different terminal blocks” and “a lot of non-updated Nodes”.

Blocks are the heart of any blockchain network.

It doesn’t really matter what consensus mechanism it is. All blockchains depend on new blocks being created and validated. Participants in the network must follow established block parameters before they can be considered.

An epoch, which is a bundle up to 32 blocks, should be verified within six and a quarter minutes in the case of Ethereum Merge. It is vital to actively monitor the ETH2 Beacon Chain Mainnet via trusted sources such as Ethscan ETH2 Explorer by Redot and BeaconScan By Etherscan.

Ethereum Beacon Chain epochs, blocks. Source: EthScan

This monitor will flag low voting participation, a lack of finality after 13 minutes (2 epochs), or a grind to halt on blocks proposed.

Monitoring Infura’s Ethereum 2.0 API

Infura is an infrastructure platform for decentralized applications. It allows developers to deploy their solutions from anywhere, even without a full Ethereum node. Joseph Lubin, the Ethereum venture capital group ConsenSys holds 100% of the company.

According to Infura’s website projects that rely on its infrastructure include Uniswap and Compound, Maker Maker, Brave, Brave, Decentraland, Brave, Brave, Decentraland, Web3 wallet provider Metamask, Brave, Brave, Decentraland, Brave, Brave, Brave, Decentraland, Brave, Brave, Decentraland, and Metamask.

Infura API status page. Source: Infura

Monitoring Infura’s API can be a great starting point for evaluating Dapps’ performance. Their status page should also be reliable and display real-time updates considering the close relationship Infura has with Ethereum.

Related: ETH Merge. CoinGecko cofounder shares strategy to forked tokens

Are validators being punished for slashing?

To prevent attacks, the Ethereum Merge consensus mechanism includes penalty rules. Any validator who is found to be intentionally misbehaving will have his 32 Ether stake slashed. The network will terminate the validator’s account if the same validator is repeatedly slashed. The validator software and stake providers have built-in protections to protect against someone being accidentally slashed.

Information about Slashed Validators Source: BeaconScan

Traders must understand that slashing, while a normal network action, is a protective measure and should not be considered unfavorable. It would be alarming to see hundreds of validators being cut simultaneously. This could indicate that their software is not working as it should.

Over 410,000 validators are active, so even if 20% to 30% of them go offline, the network will continue as intended. Monitoring slashing can be used to prevent a service (e.g., hosting provider) from going offline or a compatibility arising during the Merge.

Ethereum supporters should be looking at external data rather than just their node or server. There may be delays, or even erroneous warning signals. Using multiple sources of information can help you avoid being misled by data on a single website or post on social media.

Risk is inherent in every investment or trading move. Before making any investment or trading move, you should do your research.

https://cointelegraph.com/news/ethereum-gone-wrong-here-are-3-signs-to-keep-an-eye-on-during-the-merge

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