The Ethereum network is scheduled to undergo “The Merge” (Paris hard fork) at Terminal Total Difficulty (TTD) 58750000000000000000000 (expected to take place between September 13th-15th, 2022). During The Merge, the Ethereum network will switch from Proof of Work to Proof of Stake consensus.

KRIPTOSH will support The Merge to the Proof of Stake network. After The Merge is complete the ETH ticker will be used for the Ethereum Proof of Stake chain.

KRIPTOSH will take the following steps in preparation for The Merge.

Before the Merge:

• On Tuesday, September 6th, 2022 the Ethereum (ETH) and Ethereum based token wallets will be temporarily closed for deposits and/or withdrawals starting at 10:30am Pacific Time.
• Ethereum (ETH) and Ethereum based token wallets will be closed for deposits and/or withdrawals approximately 30 minutes before The Merge
• Trading will remain active.

During the Merge:

• Ethereum (ETH) and Ethereum based token wallets will remain closed for deposits and/or withdrawals. 

• Trading is expected to remain active during this period. However, certain market pairs may be temporarily unavailable in the event a balance snapshot is required.

After the Merge:

• Once The Merge is complete and it is deemed safe to open, Ethereum (ETH) and Ethereum based tokens wallets will be enabled.

Following The Merge, it is possible that Ethereum will fork creating a Proof of Work and a Proof of Stake chain. KRIPTOSH will be closely monitoring for potential forks and will evaluate any forked assets for potential listing using our standard listing process. In the event of a balance snapshot, only deposits credited to your account prior to wallets closing for The Merge will be considered.