Let's talk a little about Ethereum MERGE and its impact.

in hive-175254 •  2 years ago 

Greetings to all the readers of this great platform, especially to the readers of this great community called #ProjectHOPE, in the current opportunity I want to talk a little about the Ethereum network, aimed directly at what is known as the MERGE of this network, after so many postponements that this project has had, and they have already announced that its release is for this September, being a great update for the crypto world and its evolution.


Screenshot taken at: PixaBay

First let's know a little about what is the Merge? In a few words, it is the function of 2 networks seeking the improvement and optimization of the same, between the ETH network and the Beacon Chain network, and usually only one of these networks is used, which is the one known by all called ETH, having its certain disadvantages but in turn is a network that has much acceptance and project capacity, which is why it is widely used and has the second highest value token in the Blockchain.

After the union of these networks, the new Merge network will come out, on the other hand, there is a little fear in some people with resources in ETH, which are afraid that when this situation happens they will have to make a change of token or lose resources, being an unlikely situation since the token continues its existence, besides there is some kind of problem there are many exchange that offered their support of resources such as Binance being one of the most important.



I have read some comments and information, and this update of the new network there are many problems of the ETH network that are not solved yet, one of these cases is the cost of their commissions in the network, and some comments regarding the speed in which orders are executed and resources arrive, which are considered as a little slow, but let's take into consideration that this is the first stage of this update, so in future updates this will improve.

One of the good news we have regarding this topic, is that the issuance of ETH is going to be regulated again through Halving, in order to equalize the amount of ETH created compared to the ETH we have left, since there is a higher issuance, but due to the great demand for ETH in the blockchain due to the great potential of the network, from NFT games to DEFI platforms, so the requirement of the same and the reliability of this token is impressive.





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The image used in the banner at the bottom is by the author @chucho27, made using the Canva application.

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Crypto Currency, its digital money.

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Ethereum MERGE is the hottest news in the crypto world as of now and its obvious because its the second-ranked coin as per market cap. If things go well then we can see better eth price in coming months

Hello.

Many experts are talking about an ETH at 5k of its price in 9 months, others are projecting it even higher, due to the importance of this upgrade, the decrease in issuance and many more things, you have to be very very attentive.

@tipu curate

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I think there are two scenarios: 1. merge is succesfull and will send ETH very to the top

  1. eth merge has issues and will send ETHs price crashing and with it the rest of crypto.

Hello my friend.

I think more possible scenario 1, let's wait what happens but you have to follow it closely day by day, as for some in due time it will overtake ETH to BTC.