Hey Coinmunity!
The long-awaited Ethereum Merge is just around the corner!
The upcoming Paris upgrade is the second phase of the Ethereum Merge which will transition the Ethereum Mainnet’s execution layer from Proof-of-Work (PoW) to Proof-of-Stake (PoS). This upgrade is scheduled to commence when the Terminal Total Difficulty (TTD) of 58,750,000,000,000,000,000,000 is reached (currently estimated to be on September 15, 2022).
In line with this, Coins.ph will be temporarily suspending ETH, ERC-20 based tokens, and Ronin deposits and withdrawals approximately one hour before the TTD is reached on Thursday, September 15 12:03 2022 UTC+8. We highly encourage you to plan your transactions ahead to avoid any inconvenience.
More information about the upcoming Paris upgrade may be found on Ethereum Foundation, alternatively, we have broken down the Ethereum Merge on Coins Academy making it simple to understand.
Rest assured that your funds will be safe throughout the implementation of the Paris upgrade. We will be resuming our Ethereum, ERC-20 tokens (e.g. USDC, MKR, LINK), and Ronin deposit and withdrawal services for these tokens once we receive confirmation from our engineering team that it is once again safe to broadcast transactions through these networks.
We will also provide live updates on the official Coins.ph Status Page so make sure that you are subscribed!
If you have any questions, please feel free to reach out to us through the Help Center in your Coins app.
Important Note: Coins reserves the right to update the treatment of any chain split in a further announcement.
Get your crypto journey started with Coins.ph
Coins.ph is regulated by the Bangko Sentral ng Pilipinas (BSP) and is the first-ever blockchain-based company in Asia to hold both Virtual Currency and Electronic Money Issuer licenses from a central bank.
Sign up for a Coins.ph account now to start trading OR download the Coins.ph app. Once you have verified your account, you can convert PHP into the cryptocurrencies of your choice.
Join the Coinmunity
Connect with like-minded crypto enthusiasts! Be the first to learn about our news and campaigns.
Join us on:
- Twitter: https://twitter.com/coinsph
- Discord: https://discord.io/coinscommunity
- Telegram (Announcements): https://t.me/coinsph_announcements
- Telegram (Community): https://t.me/coinsphfilipino
- Instagram: https://www.instagram.com/coinsph/
- Facebook: https://www.facebook.com/coinsph/
- TikTok: https://www.tiktok.com/@coinsph_official
- YouTube: https://www.youtube.com/coinsph
