Ethereum merger marks a new era for cryptocurrency for 2022
- 2 years ago
Ethereum finalizes its update and moves to proof of stake.
The great Ethereum transition is finally here! The challenge will not have been easy for the one that presents itself today as the second most important crypto-currency on the market.
However, the merger of the Ethereum network is an opportunity for investors because of its ecological impact , but also financial. So, what can we really expect? What are the issues ?
The Merge is a highly anticipated event in the cryptocurrency community.
This is a major shift from a proof-of-work-based Ethereum protocol to a proof-of-stake-based protocol.
The Merge Ethereum: what is it really about?
Some analysts speak of a " changing the engine of an aircraft in mid-flight ". The merge is Ethereum's move from a proof-of-work protocol to a proof-of-stake protocol.
Vitalik Buterin announced this changeover as the one that will better highlight smart contracts.
Ether is the most used cryptocurrency in NFTs because the majority of these projects are backed by the Ethereum blockchain.
This is the reason why investors fear a mega bug similar to that of the 2000s when the new protocol will be effective.
The merger went well
It was on September 15 in the morning that the merger was initiated .
For 13 nerve-wracking minutes, over 40,000 viewers tuned in to the crypto event of the year via the Ethereum Foundation. Vitalik Buterin said he was satisfied with this successful transition.
This project marks the culmination of several months of intense work. It experienced a few occasional delays which contributed to pushing back the final deadline. The development team took the opportunity to further tweak the transition mechanism.
The switch to PoS will also give the founder of Ethereum the opportunity to share the results of his research over several years with the public. To this end, a book is planned a little later
#cryptocurrency #bitcoin #crypto #blockchain #ethereum #btc #forex #money #trading #investment #bitcoinmining #cryptotrading #cryptonews #investing #bitcoins #business #bitcoinnews #cryptocurrencies #forextrader #invest #entrepreneur #eth #bitcointrading #trader #investor #binaryoptions #binance #forextrading #bitcoincash #finance
The great Ethereum transition is finally here! The challenge will not have been easy for the one that presents itself today as the second most important crypto-currency on the market.
However, the merger of the Ethereum network is an opportunity for investors because of its ecological impact , but also financial. So, what can we really expect? What are the issues ?
The Merge is a highly anticipated event in the cryptocurrency community.
This is a major shift from a proof-of-work-based Ethereum protocol to a proof-of-stake-based protocol.
The Merge Ethereum: what is it really about?
Some analysts speak of a " changing the engine of an aircraft in mid-flight ". The merge is Ethereum's move from a proof-of-work protocol to a proof-of-stake protocol.
Vitalik Buterin announced this changeover as the one that will better highlight smart contracts.
Ether is the most used cryptocurrency in NFTs because the majority of these projects are backed by the Ethereum blockchain.
This is the reason why investors fear a mega bug similar to that of the 2000s when the new protocol will be effective.
The merger went well
It was on September 15 in the morning that the merger was initiated .
For 13 nerve-wracking minutes, over 40,000 viewers tuned in to the crypto event of the year via the Ethereum Foundation. Vitalik Buterin said he was satisfied with this successful transition.
This project marks the culmination of several months of intense work. It experienced a few occasional delays which contributed to pushing back the final deadline. The development team took the opportunity to further tweak the transition mechanism.
The switch to PoS will also give the founder of Ethereum the opportunity to share the results of his research over several years with the public. To this end, a book is planned a little later
#cryptocurrency #bitcoin #crypto #blockchain #ethereum #btc #forex #money #trading #investment #bitcoinmining #cryptotrading #cryptonews #investing #bitcoins #business #bitcoinnews #cryptocurrencies #forextrader #invest #entrepreneur #eth #bitcointrading #trader #investor #binaryoptions #binance #forextrading #bitcoincash #finance