Since its release in July 2016, Ethereum has rapidly gained popularity with developers and investors. The platform is unique in that it allows decentralized applications and smart contracts to be built without having the party building them be aware of where or how they run.
Ethereum was created by Vitalik Buterin, a co-founder of Bitcoin Magazine and Bitcoin Magazine Technologies. Its first crowd sale raised $18.4 million in July 2014, so it’s no wonder that more people are talking about this exciting new technology today.
On 30th July 2018, the blockchain of Ethereum underwent a hard fork. Marge will happen after two separate groups in the Ethereum community disagree on which direction it should take. This hard fork left Ethereum with an unstable future, as many people doubted whether they should remain on the original chain or switch to the new chain formed by the hard fork. Most miners and developers confirmed the decision to stay on the old chain, and only a few community members visited loyal to another blockchain. However, this period of uncertainty ended when Vitalik Buterin revealed his plans for another hard fork before 2019. Now it is going to happen within 25 days.
Ethereum 2.0 Merge Live Count Down
The Merge: From Proof-Of-Work to Proof-Of-Stake
The blockchain of the leading savvy contract network will get an essential update. The redesign will be done in stages, the following of which is classified “The Merge” and will see the change from a proof-of-work (PoW) to a proof-of-stake (PoS) agreement system. Peruse here for more data on Proof Of Stake.
“The Merge is the main overhaul in Ethereum’s set of experiences,” remarks the Ethereum Foundation.
The Merge is supposed to bring about Ethereum 2.0. This will go within the event that all that functions as expected — by a 99.5% decrease in Ethereum’s energy utilization.
Today, I will predict the future price of Ethereum after eth 2.0 comes out next month. At the moment, it seems like eth 2.0 will be a significant milestone for Ethereum because they’re changing how ERC-20 tokens are handled within the system and moving away from a proof-of-work on eth.
So, Ethereum marge has been Live Now, and its entirely successfully and will reduce electric consumption soon. Right now, its bear runs, so you can see the price might be down, but no worry about it. It will sure reach 10000$ in the next bull run.
Note: Do not send any ETH to the “ETH2” Token. An update will be done automatically, so you don’t need to do anything.