BitWell’s Announcement Regarding the Upcoming Ethereum Merge (09.05.2022)

Dear Users,

Ethereum’s Proof-of-Work (PoW) chain will migrate to the Proof-of-Stake (PoS) chain upon hitting the Terminal Total Difficulty (TTD) value of 58750000000000000000000. The migration time is expected to be between 2022-09-10 and 2022-09-20.

The consensus layer upgrade (Bellatrix) will take place at 11:34:47 (UTC) on September 6th. The execution layer upgrade (Paris) lies at the ETH mainnet block height of 15,540,293, or approximately at 2022-09-15 00:30 (UTC).

As a new token might be created during a hard fork, BitWell has taken the following steps to reduce the trading risks brought about by price volatility and to maintain the safety of user funds during the hard fork:

  • At 11:00 p.m. UTC on September 6th for the Bellatrix consensus layer upgrade.
  • At 00:00 a.m. UTC on September 15th for the Paris execution layer upgrade.
  • During the upgrade, BitWell will suspend the deposits and withdrawals for ETH and ERC-20 tokens.
  • Please ensure that you leave sufficient time for your ETH and ERC-20 tokens transfers to be fully processed prior to the above time. We will handle all technical requirements for users holding ETH and ERC-20 tokens on BitWell.

Thank you for your support of BitWell.

BitWell Team
2022/09/05



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