Google has added a timer with a countdown to the transition of Etherium to Proof-of-Stake. Why is this important?
Google representatives have added a built-in timer with a countdown to Ethereum’s transition to the Proof-of-Stake (PoS) consensus algorithm to their search results as a sign of support for the event. Now, when entering the queries “Ethereum Merge” or “The Merge”, platform users will see a block with the approximate remaining time until the update, as well as information about the current mining complexity, the target merge complexity and the hash of the network. We tell you more about what is happening and its importance.
Note that Etherium’s transition to the Proof of Ownership consensus algorithm is likely to take place on September 15, which is the day after tomorrow. In general, the timing of the update will depend on what is known as the TTD, or total network complexity index: the update will take place when the TTD reaches 58750000000000000000000. In general, this can be thought of as the number of hashes left to be smited by miners.
Accordingly, the more miners there are in the network, the sooner the Etherium update will take place. The same can be said about the block creation time.
Cryptocurrency miners
Overall, the upcoming update has proven to be such an important event that Google is now aware of it as well.
When will Etherium go PoS
In addition to the aforementioned data, the countdown block features a picture of two pandas – they are running towards each other as time goes on to merge.
The countdown block to the merger on Google’s Etherium network
Note that users may not see the relevant information in Google search results. In this case, you need to change the language to English in the search engine settings.
Do not forget to change settings to English
Also, if necessary, monitor the actual data before the update can be on the platform Watcher. The data looks like this
Countdown to the Etherium merger
According to Google Cloud developer Sam Padilla, the timer was “a fun little surprise” and a way to pay tribute to the “years of work” done by ETH developers. Overall, the road to PoS for the Ether community has indeed been long and arduous: the final upgrade was preceded by dozens of different improvements to the altcoin network, repeated rollovers of the difficulty bomb and other details.
Padilla noted that the timer was integrated in a collaboration between various research teams within Google, with the developer himself co-writing the idea and the discussions that eventually led to the mini-project. The pre-merge countdown block takes data directly from the blockchain. However, the timer is not really accurate to the minute, as the timing of the merge depends on the search speed of the blocks on the network and the hash rate of the Ethereum miners. The more computing hardware connected to the blockchain, the sooner the update will take place.
Counting down to the merger by the complexity of the Etherium network
The timer and pandas idea has clearly succeeded – on Twitter, crypto-enthusiasts are already posting memes on the subject. For example, here’s one of the most popular choices.
A meme about a panda “merger”
According to Cointelegraph’s sources, the search engine dynamics for the term “ethereum merge” started growing strongly in mid-summer. It is now near its all-time high, which means the event is really catching the attention of cryptocurrency enthusiasts.
The dynamics of requests for the Etherium merger
With less than two days to go before the merger, many experts are expecting increased volatility in cryptocurrency trading this week. It is possible that a “sell on the news” effect could occur, i.e. a significant drop in the value of ETH after the update. However, the real course of events will be known only in practice.
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Everyone – including ardent Bitcoin fans – is following the transition of ETH to PoS. Maximalists who only quote the major cryptocurrency in general need to pay more attention to other projects, says former cryptocurrency growth marketing chief Dan Held. In an airing of a recent gm podcast by news portal Decrypt, Held stated that the BTC fan community is gradually splitting into two camps.
The first strongly rejects any ideas except those that are too conservative. The latter are in favour of creating new projects based on Bitcoin and are soft on altcoin holders.
The real maximalists are MicroStrategy’s management. The company is ranked number one by institutional Bitcoin investors
Dan notes that Bitcoin is a peer-to-peer network, meaning that the actions of its participants are not controlled by a centralised authority. That said, he also believes that the current tone of “maximalism” among BTC fans is somewhat at odds with the crypto industry’s original ethics. According to Held, some Bitcoin supporters today behave more like a religious cult than a group of investors. He believes that a softer approach to promoting the fundamentals of BTC as a digital asset will ultimately be more productive.
That is, Bitcoin was built on ideals of financial freedom, and telling people how they should invest in cryptocurrency without a certain degree of permissiveness is not the best way to approach the entire industry. Times are changing, so hardened conservatism in crypto today seems like an outdated notion. And denying the development of modern blockchain projects makes little sense either.
Obviously, the attention of giants like Google to major upgrades in the cryptocurrency world will lead to an even greater popularity of digital assets. Particularly welcome in this situation is the fact that the developers of the search engine have not been embarrassed by the bear market, during which novice investors tend to avoid linking to coins. Perhaps one day we'll wait for Google to invest directly in large cryptocurrencies.
What do you think about that? Share your opinion in our Millionaire Crypto Chat. We will discuss other important developments there as well.
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