Update: “The Merge” network upgrade by Ethereum and what it means for you

August 31, 2022

We’d like to give you an important update.

Zipmex will support Ethereum’s “The Merge” network upgrade, tentatively scheduled between 10 – 20 September 2022*. (Read more here: link)

What happens next?

  • To support the system upgrade, deposits and withdrawals of ETH and ERC-20 tokens will be tentatively paused  during the following times:
    • 06 September 2022 at 18:00 UTC+7 (or 11:00 UTC) until the Bellatrix consensus layer upgrade is completed, AND
    • 15 September 2022 at 7:00 UTC+7 (or 00:00 UTC) until “The Merge” upgrade is completed
    • Deposits & withdrawals will be paused until the respective network upgrades are completed
  • ETH and any ERC-20 token trading will not be affected, and you will still be able to buy or sell these tokens as usual.
  • Your wallet balances of ETH and ERC-20 tokens will not be affected by the upgrade. No action is required from you during the ETH upgrade.

We’ll follow any and all announcements by Ethereum closely and let you know when the network upgrade is completed and deposit and withdrawal functionality is re-enabled. Follow our social channels to stay up to date.

Why The Merge matters

  • Ethereum’s consensus layer protocol will transition from proof of work (PoW) to proof of stake (PoS) (to read more: link)
  • The Merge will reduce Ethereum’s energy consumption by roughly 99.95%. This will give it a huge advantage over other blockchains. 
  • The Merge sets the foundation for future scaling solutions which will make the Ethereum network faster and more efficient. 

*Ethereum’s Merge has been scheduled for TTD 58,750,000,000,000,000,000,000. This TTD is approximately scheduled to be reached during 10 – 20 September 2022.

TTD (Terminal Total Difficulty) is the total difficulty required of the final block mined in Ethereum’s Proof-of-Work (PoW) mechanism.

For further enquiries, reach out to Customer Support on Live Chat – we’re ready to help 24/7.

Email: [email protected] 

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*Investing in digital assets carries a high level of risk, including the risk of losing all of the invested amount. Investors should refer to the offering information prior to investing as well as invest appropriately with acceptable risk levels. For more information visit https://zipmex.com/th/en/

We offer investors a variety of opportunities in the digital assets industry. Our innovative platform provides financial access for anyone seeking investment returns anywhere, anytime. Our ecosystem aims at making finance an everyday enriching activity.

Cryptocurrency and digital token involve high risks; investors may lose all investment money and should study information carefully and make investments according to own risk profile.

Zipmex Company Limited ("Company") operates a digital assets brokerage business. In order to increase the liquidity for digital assets trading on the Company's exchange platform, the Company sends and receives trade orders from one third-party exchange which is Zipmex SG, our affiliated company located in Singapore. No fees or compensation is provided between the parties. Any references to Zipmex SG is a reference to Zipmex Pte. Ltd.