One of the current great cryptocurrencies is about to undergo a big change due to an improvement process known as The Merge which is already known It will take place either on September 15 or 16 of the same month.
And it seems that everything is ready for this great moment in the world of cryptocurrencies. All rehearsals went well, so the merger can be activated on the Ethereum mainnet.
In this case, we will see how moves to Proof-of-Stake consensus instead of the current Proof-of-Work algorithm, which also uses bitcoin (from proof of work to proof of stake). With that in mind, bitcoin would already be the only top cryptocurrency on the market that continues to support this system.
In a few words, for those who are still a bit lost, we will see an update in which this cryptocurrency will abandon traditional mining, as we already know about all the environmental and functional problems that it can create, for a system in which the owners of the currency that they put on maintaining the network.
All those supercomputers that consume so much energy, so to speak, disappear and are replaced by more concise and simple ones. As for investors, whether large or small, you won’t have any problems with this change, according to the developers.
Of course, this moment has tension of one sort or another, because while everything has gone well so far, things could very easily go awry. Ethereum can run slowly for a while or even stop completely. separately available great care about the security system that is now going to be included in the network.
The developers, for their part, claim that proof-of-stake is secure and has been used on other relevant blockchains such as Solana and Avalanche without major problems so far.
The Ethereum 2.0 upgrade, scheduled for September this year, along with other upgrades in the coming months, will be needed in order to make the network even faster, more scalable, and significantly reduce costs, the main disadvantages of this. All this could make it number one in 2022.
Source: Computer Hoy
I am Bret Jackson, a professional journalist and author for Gadget Onus, where I specialize in writing about the gaming industry. With over 6 years of experience in my field, I have built up an extensive portfolio that ranges from reviews to interviews with top figures within the industry. My work has been featured on various news sites, providing readers with insightful analysis regarding the current state of gaming culture.
