ETH All-Core Developer meeting calms sell-off fears as Merge news shows confidence

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The Ethereum [ETH] All-Core Devel­op­er meet­ing con­clud­ed late on 18 August as they pre­pare for the upcom­ing Merge. Sev­er­al impor­tant mat­ters were dis­cussed includ­ing the con­se­quences of sanc­tions imposed on Tor­na­do Cash. The devel­op­ers also dis­cussed prob­lems that have shown up since the test­net merge for the Ethereum PoS tran­si­tion. Reporter Chris­tine Kim and Ethereum Core devel­op­er Tim Beiko post­ed their insights on the ACD call for their respec­tive fol­low­ers. Beiko fur­ther ascer­tained that the Merge launch is set for launch on 15 Sep­tem­ber with the Total Ter­mi­nal Dif­fi­cul­ty (TTD)  now con­firmed. How­ev­er, this date may fluc­tu­ate in accor­dance with changes to net­work hash-rate.

The clock is ticking

Beiko fur­ther says that the call cov­ered “all things about the Merge as well as MEV-Boost and Cen­sor­ship Resis­tance at the pro­to­col lev­el”. It also touched on a lot of the “soft­er gov­er­nance ques­tions” sur­round­ing Ethereum.

Tim Beiko updat­ed about the impend­ing Sepo­lia Merge which was sup­posed to be under­way on 18 August. It has since been delayed to 21 August due to some val­ida­tors being offline. Devel­op­er Mic­ah Zoltu fur­ther raised ques­tions of press­ing impor­tance dur­ing the call. His sum­ma­ry on the mat­ter has been post­ed here. First­ly, Zoltu raised the con­cern around the cen­sor­ship of trans­ac­tions on Ethereum by MEV relays. He raised anoth­er sim­i­lar issue about Ethereum trans­ac­tions by large stak­ing as a ser­vice provider (Lido, Coinbase).

Chris­tine Kim also shed light on Ethereum’s cen­sor­ship resis­tance issues stem­ming from the Tor­na­do Cash cri­sis. As has been wide­ly report­ed, the U.S. gov­ern­ment has pro­posed sanc­tions against Tor­na­do Cash, a small con­tract pri­va­cy tool on Ethereum. She goes on to say that many Ethereum devel­op­ers were “adamant that the cen­sor­ship resis­tant qual­i­ties of the net­work should be upheld at all costs”.

All said and done

The insights pur­port that the Merge prepa­ra­tions are in full swing as per the Ethereum devel­op­ers. The pres­sure to final­ly release the Merge has been a major bear­ing for them as it has been repet­i­tive­ly delayed in recent months. ETH has, how­ev­er, suf­fered great­ly in the sell-off of 19 August. The ETH token lost a key sup­port as it crashed below $1,700 as dai­ly loss­es accu­mu­lat­ed to more than 9% as per CoinMarketCap.



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