Binance: It is estimated that the Ethereum PoW chain will migrate to the PoS chain at 08:30 on September 15th

BlockBeats news, on August 25, Binance released an announcement about the support Ethereum merger plan, Ethereum's proof of work (PoW) chain will be migrated to the Proof of Interest (PoS) chain when it reaches the terminal Total difficulty (TTD) value of 58750000000000000000000. The timeline is expected to be between September 10, 2022 and September 20, 2022. It is currently estimated to be located at the Ethereum main network block height 15,540,293 or approximately 08:30 on September 15, 2022 (E8 time). Previously, the Consensus Layer Upgrade (Bellatrix) was planned for Epoch 144,896 on the beacon chain on September 06, 2022 at 19:34:47 (E8 time). As new tokens may be generated during a hard fork, Binance will take the following steps to mitigate the trading risk due to price volatility and to maintain the security of user funds during a hard fork: First, about ETH recharge, withdrawal business Binance will suspend the recharge and withdrawal services of ETH and ERC-20 network tokens. The timeline is approximately: Consensus layer upgrade (Bellatrix) will be performed at 19:00 (East 8 Zone time) on September 06, 2022. September 15, 2022 08:00 (Zone 8) Execution layer upgrade (Paris) Make sure you have enough time to recharge and withdraw. Binance will handle any technical issues with the hard fork for users with ETH and ERC20 tokens. Second, about the merger There are two things that could happen with this Ethereum merger: Case 1: If no new Token is generated after the hard fork, Binance will restore the recharge and withdrawal services for ETH and ERC-20 network tokens as soon as possible. And to be announced separately. Situation 2: A hard fork results in two competing blockchains and a new Token. The "ETH" code will be used for the Ethereum PoS chain. Binance will also distribute forked tokens to users ina 1:1 ratio from chains with less work completed, based on a snapshot of ETH holdings prior to the implementation layer upgrade (expected at Ethereum main network block height 15,540,293 or 08:30 GMT on September 15, 2022). Withdrawal of fork tokens will be supported. Details of distribution will be announced separately.