The Ethereum (ETH) merge is expected to take place on or around September 14-15, 2022.
Here’s what you can expect from Blockchain.com during the merge.
What is the ETH merge?
The ETH merge is the most significant and anticipated upgrade to the Ethereum blockchain to date. It will result in the blockchain changing its consensus mechanism from Proof-of-Work (PoW) to Proof-of-Stake (PoS).
The merge is expected to reduce Ethereum’s energy consumption by ~99.5% and set the stage for a more energy efficient and scalable future. You can learn more about the ETH merge here.
What does the ETH merge mean for Blockchain.com customers?
Your crypto assets will remain secure with Blockchain.com during the Merge. No action is needed from you prior to, during, or after the event.
Like many of our peers in the crypto space, Blockchain.com will be taking the precaution of temporarily pausing specific features associated with ETH and ERC-20 tokens* during the merge.
Blockchain.com Wallet - Affected Services:
- Trading Accounts: Deposits and withdrawals of ETH and ERC-20 tokens will be delayed.
- Rewards Accounts: Deposits and withdrawals of ETH and ERC-20 tokens will be delayed.
- Private Key Wallets: Sells and swaps of ETH and ERC-20 tokens will be paused. Deposits and withdrawals of ETH and ERC-20 tokens will be delayed.
Blockchain.com Exchange - Affected Services:
- Deposits and withdrawals of ETH and ERC-20 tokens will be delayed.
We expect the upgrade to take a few hours and will let you know once it is complete and these features have been re-enabled.
Will Blockchain.com support the new ETH PoW asset?
If the merge results in a fork and the creation of a new ETH PoW asset, we’ll review it with the same rigor as other assets on Blockchain.com.
We’re monitoring the event closely and will provide updates on anything that requires your attention.
If you have any questions or concerns, please don’t hesitate to contact our support team.
*ERC-20 tokens include but are limited to: Aave (AAVE), ApeCoin (APE), Basic Attention Token (BAT), Celo (CELO), Chainlink (LINK), Compound (COMP), Curve DAO Token (CRV), Dai Stablecoin (DAI), Efinity (EFI), Enjin Coin (ENJ), Maker (MKR), Origin Protocol (OGN), Pax Dollar (USDP), Polygon (MATIC), SuperRare (RARE), SushiSwap (SUSHI), Synthetix (SNX), Tether (USDT), Theta Fuel (TFUEL), Theta Network (THETA), UMA (UMA), Uniswap (UNI), USD Coin (USDC), Wrapped Bitcoin (WBTC), Wrapped-DGLD (WDGLD), yearn.finance (YFI), 0x (ZRX).