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

The Ethereal [ETH] The all-core developer meeting concluded at the end of August 18 as they prepared for the upcoming merger. Several important issues were discussed, including the consequences of the sanctions imposed on Tornado Cash. The developers also discussed the issues that have emerged from merging testnet for Ethereum PoS transition. Journalist Christine Kim and Ethereum Core developer Tim Beiko have posted their views on the ACD call for their respective followers. Beiko also ascertained that Merge’s launch is scheduled for September 15 with Total Terminal Difficulty (TTD) now confirmed. However, this date may vary based on changes to the network hash rate.

The clock is ticking

Beiko further states that the call covered “all things about fusion as well as MEV enhancement and censorship resistance at the protocol level.” He also touched on many of the “softer governance questions” surrounding Ethereum.

Tim Beiko updated on the upcoming Sepolia Merge which was supposed to be underway on August 18th. It has since been postponed to August 21 due to some offline validators. Developer Micah Zoltu also raised issues of urgent importance during the call. His summary of the matter has been posted here. First, Zoltu raised concern over the censorship of Ethereum transactions by MEV relays. He raised another similar issue about Ethereum transactions by big 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 US 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 maintained at all costs.”

All said and done

Insights state that preparations for the merge are in full swing according to the Ethereum developers. The pressure to finally release the merger was a major contributor to them as it has been repeatedly delayed over the past few months. ETH, however, suffered greatly in the August 19th sell-off. The ETH token has lost key support as it plummeted below $ 1,700 as daily losses accumulated to over 9% according to CoinMarketCap.

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