"The Merge" is here and will make Ethereum unstoppable.

in ethereum •  2 years ago  (edited)

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Ethereum, the world´s leading smart-contract blockchain platform till now, is going to make a huge upgrade just in a few days.
This upgraded is called "The Merge" is here sooner than expected.

This long-awaited upgrade is going to make Ethereum faster, more scalable, and much more energy efficient.

ETHEREUM 2.0 LIVE, EARLIER THAN EXPECTED.

Lex Friedman, a very well known scientist at MIT, published 2 days ago on his TW account:

" Ethereum is likely moving from proof-of-work to proof-of-stake next month. This "merge" is an important moment in the history of crypto. Good luck to everyone involved! Vitalik and I will do a podcast after The Merge."

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And two prominent members of the blockchain’s community, @BanklessHQ and Anthony Sassano @Sassal0x, they even go further on theirs TW accounts as they published an specific date, September 15 or 16.

@BanklessHQ
Bankless.eth

" BREAKING:
The Ethereum Merge has been scheduled for TTD 58750000000000000000000
This is approximately Sept 15-16th
The Merge is officially scheduled."

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@Sassal0x
Sassal.eth

"The Ethereum mainnet merge has been tentatively scheduled for around September 15th/16th.
The Merge is coming"

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So that, the upgrade, it might be here in advance!. Ethereum’s move to a proof-of-stake, originally scheduled by 19th of September, it might be on the mainnet a few days earlier.

ETH 2.0 FROM PoW TO PoS, 5 MAIN IMPACTS.

This Upgrade to ETH 2.0 means that Ethereum will be Proof-of-Stake, instead of being a Proof-of-Work blockchain.
What are 3 main impacts?:

  1. It will eliminate the need for miners.
    Validators will take their place and keep the network secure by locking up the network’s native crypto, $ETH.
  2. It will make Ethereum faster, scalable and more efficient.
  3. A deflationary impact.
    And this is very beneficial for Ethereum investors, Whys? Because staking will likely slow down the rate at which ETH's supply increases. Therefore if supply growth slows while demand increases, that could prove beneficial for $Eth investors.

IS 15 16 SEPTEMBER UNDER RISK?

Yes, it might be.

Due to 2 main stages that Ethereum´s developers need to be accomplished with success before, known as “Bellatrix” and “Paris”. The last stage, namely "Paris" is realted to Ethereum´s hash rate (a measure of a network's computing power, reaches a certain level) and still needs to be constant, and nowadays it is not.

Nevertheless a huge step for Ethereum is here, and it is unstoppable.

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Great Crypto post. We've reshared it.
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Oh thanks so much!! 🙏🏻🙌🏻🤩