X

Isabella from Denver

Registered at the crypto broker Binance 20 minutes ago.

» Try Binance too
Do not show again

Ethereum hit the headlines the last two weeks as its co-founder Vitalik Buterin announced ‘the merge’ is poised to take place on or around September 19th. The Ethereum merge is a fundamental shift in the way the Ethereum blockchain works. Put simply, the goal is to make the blockchain way faster and more efficient. How will this affect you, the shrewd investor, and the future of cryptocurrency more generally? Let’s dive deeper.

How is Ethereum changing?

Without going too much into technical specifics, let’s take a look at the overview. It doesn’t matter whether they’re the household names such as Bitcoin and Ethereum or the new coins and tokens released every day. Many operate using either Proof of Work (PoW) or some type Proof of Stake (PoS). Ultimately they’re just two different consensus methods in blockchains to achieve the same goal: transaction validation.

Crypto Lists got over 30 different consensus algorithms but many seems to emerge around PoS, such as Liquid proof of stake, Delegated proof of stake or pure proof of stake – even if others such as proof of history, proof of authority, proof of capacity, proof of elapsed time and proof of validation or proof of importance also exist. Anyway, lets go back to the most well known – PoW vs PoS.

With PoW — the method used by Bitcoin — enormous computing power solves complex math puzzles and the validator is required to possess a high level of technical know-how. You might have heard this process referred to as ‘mining’.

Under PoS — where the Ethereum merge is taking the blockchain — this validation, or network consensus, is achieved through staking. Technical expertise and powerful hardware aren’t required to be a validator. In fact, you could do it on the 2010 laptop you’ve got under your bed. Sounds good, right? Well, what you do need is some ‘buy in’. In other words, you need a large amount of the cryptocurrency in question. For the Ethereum merge it’s 32 ETH coins. We’ll come back to this a bit later.

Why is the Ethereum merge happening?

The engineers behind Ethereum are trying to solve a trilemma: maintaining a blockchain that is simultaneously scalable, decentralized, and secure. In their case, while it’s secure and decentralized it’s not particularly scalable. To put it into perspective, it can only handle around 20 transactions per second, whereas Solana blockchain can handle approximately 3,000. Quite simply, they want to hold on to their position as the undisputed king of smart contracts platforms.

QUICK FACT

Ethereum will be capable of reaching up to 100,000 transactions per second by 2023.

Source: Mint

There are 5 parallel phrases in the major Ethereum upgrade: The merge, the surge, the verge, the purge and the splurge. See the graphic details of the various stages blow, but remember that they are all happening in parallel and not in stages, as Vitalik says.

The greener major blockchain player

Additionally, touted ‘Ethereum killers’ Cardano and Solana are drastically more environmentally friendly, with their electricity used per transaction incredibly minimal when compared to the original smart contract platform. As governments seek to reduce their nations’ energy consumption and with sustainability at the forefront of policy, this is one area of crypto that the Ethereum merge seeks to rectify — shifting to PoS can reduce network energy usage by up to 99.95%.

Look ahead to accelerated innovation

After ‘the merge’, Ethereum plans another round of upgrades known as ‘the surge’, which promises to bring over 100,000 transactions-per-second (TPS) capability to the blockchain. It will also pave the way for ‘shard chains’ in 2023, which are expected to reverse data congestion, high transaction fees, and support the next generation of layer 2 systems — enabling Ethereum to become truly scalable.

Fascinating stuff, right? Indeed, to the tech experts working on these complex solutions this is their bread and butter. However, how will this shift affect the keen crypto investor? While all eyes are on the world’s second largest cryptocurrency and largest of all smart contract platforms at the moment, what does this mean for the evolution of the crypto space in general?

A crypto game changer?

Following the Ethereum merge it will obviously be a lot greener, leaving Bitcoin as one of few major blockchain that still relies on proof-of-work. And, there are bound to be effects on Ethereum’s challengers on the smart contracts space. Will Ethereum race ahead of the pack and leave them obsolete? Is there room for all of them? These are some of the important questions that will be answered in the months and years ahead.

Alongside the inevitable rich rewards for early adopters and long-term holders, could more and more people start shifting their BTC allocation to ETH? Will Ether one day be the number one coin, replacing Bitcoin? Great questions, and only time will tell. Also, there are of course the knock-on effects to other cryptocurrencies such as Polygon’s MATIC token. This allows users to get access to decentralized apps built and run on Ethereum without the need to deal with slow speeds and high transaction fees.

QUICK FACT
Ethereum’s founder says that the project will only be about 55% complete post merge.
Source: Fortune.

Rating: 9.5/10
Supply: 118,780,000 / 200,000,000
Release date: August 1, 2014

Description: What is your knowledge about Ether? See the latest facts, prices and news about the native Ethereum coin here!

Risk warning: Trading, buying or selling crypto currencies is extremely risky and not for everyone. Do not risk money that you could not afford to loose.


Should I buy Ethereum?

As of today, you can stake 32 ETH coins to become a validator. As of writing, that would cost around $60,000 and means you’re partially responsible for securing the network. But, the good news is — there are generous interest rates for stakers. Of course, not everyone has a spare $60k lying around and you can stake as little as you like. Put your existing crypto to work with our beginners guide to staking.
If you already have a pile of ETH coins and aren’t sure what’s going to happen to them, then don’t worry. The Ethereum Foundation has issued an assurance to holders that their funds and wallet will not be impacted by the upcoming changes.

The Ethereum merge: conclusion and key takeaways

Geopolitics is keeping some retail investors bearish, with a minority predicting no significant market upturn until the run up to the next bitcoin halving. However, with the Ethereum merge set to push cryptocurrency further into the mainstream many qualified observers have said we can expect to see a general upwards shift. At least in the immediate future. If you’re interested in learning which crypto coins to invest in during a bear market, check our insider’s view.
➢ The Ethereum merge is likely to happen on or just after September 19th.
➢ Blockchain will move from the Proof-of-work (PoW) mining method to the Proof-of-stake (PoS) method.
➢ Aim is to futureproof, and improve overall speed and efficiency.

The Ethereum merge will be an event that pushes crypto to the front of the financial pages — further legitimising it to both potential retail and institutional investors as a valuable asset. If you’re keen to make your first steps into this lucrative landscape, check out our recommended top three platforms for beginners.

by Our Certified Author
Ether Newsflash
    Try a USDT-focused casino today on Tether Bet!Try a USDT-focused casino today on Tether Bet!
    Monday, 17 Jun 2024 8:20 am
    Monday mornings get a bad rap, but it doesn't always have to bring the blues. In fact, sometimes it can bring crypto! That's right, with the new review we've got today you've got a USDT-focused casino called - unsurprisingly - Tether Bet (see more). But it's not only the stablecoin you can deposit and withdraw with, you've also got old classics like Bitcoin, Litecoin, and Ethereum. Plus with USDT you can opt for either the Ethereum network or Tron network depending on your preference. Nice! Register now to check out a bitcoin casino with more options...
    Read the full newsflash


    Ethereum Foundation under investigationEthereum Foundation under investigation
    Wednesday, 20 Mar 2024 5:39 pm
    The Swiss based non-profit organisation with a website looking like you arrived in paradise, Ethereum Foundation, is now under investigation by a state. The organisation stands behind the Ethereum network (ERC-20), which is still the seconds largest cryptocurrency by market cap. Since mainly the U.S investigate those things in-depth, it's Crypto Lists main guess that SEC is investigating this matter in detail. It should be noted that Eric Balchunas from Bloomberg estimate the odds of an Ethereum ETF approval in May to be less than 35%, and that was before the investigation. After, Crypto Lists guess is even lower. But it's mainly Bitcoin that rule the crypto market and get the other coins and tokens to follow. So if you're into ETH, please be cautious. Maybe it's way more fun - to play than to run (to the news) - and see what happened to ETH. Try BetPanda Casino if you feel for relaxing in front of a global and NO KYC casino site. Alternatively, check out ETH Play is you want to play on a...
    Read the full newsflash


    ETH Casino sees big inflows after Ether price dropETH Casino sees big inflows after Ether price drop
    Tuesday, 19 Mar 2024 8:33 pm
    After Ether briefly hitting 4000 USDT a week ago, the price fell quickly to 3310 USDT when writing this. Many casino players and investors are worried that ETH will continue to fall further and rather play on some of the best Ethereum casinos around. Since big ETH investors often like to stay incognito, 100% anonymous crypto casinos such as the highly trusted and top ranked ETH Play and the fast and fast rising ETH Casino are out two...
    Read the full newsflash


    Ether (ETH) deposits up: time to try a top Ethereum casino?Ether (ETH) deposits up: time to try a top Ethereum casino?
    Tuesday, 19 Mar 2024 1:45 pm
    The team here at Crypto Lists has noticed something pretty interesting: more and more people are using Ether (ETH) as a deposit method on a variety of crypto casinos. Perhaps this is an indication toward a possible Ethereum ETF approval or disapproval, since we saw with Bitcoin similar play fluctuations. Moreover, as the price of crypto assets dips in preparation for the halving event perhaps people are deciding to play more? We're not sure of the reasons, but thought it might be a good time to recommend a good Ethereum casino (see all) to you fine friends of ours. How about trying ETH Play (review), where you can use Ether but also other coins too! No KYC, no IP tracking, and complete anonymity guaranteed. Sign up now and see where the...
    Read the full newsflash


    ETH Casino: A trusted, new & anonymous casino siteETH Casino: A trusted, new & anonymous casino site
    Monday, 11 Mar 2024 5:20 pm
    Want to play the best casino games and still do it anonymously? We have found a new contender for you. The founders are very experienced, discrete & highly trusted. They are well known in the industry after more than 10 years in the game. Their anonymous casino website was launched about a month ago, but you have probably not seen it anywhere else since they don't support affiliates and other review sites are not as quick as us. Still, Crypto Lists made a fully independent independent review of ETH Casino here since it's such a significant entry into the world of crypto casinos. Not many other sites have such excellent name, so good deposit and withdrawal process (yes, we tried it comprehensively) and since it was created by a trustful team, we decided to let our visitors see it. The core of this brand is to provide a fantastic casino experience with 100% no KYC for their players. You can play from most countries around the world, with or without VPN. Give ETH Casino a try today and tell us...
    Read the full newsflash

New Casino Reviews
New Crypto Casinos
Best Crypto Casinos
Recent Crypto Sites
Recent Crypto Coins
Keep up to date with
 

Our Newsletter

Sign up to our newsletter to get the
latest crypto news, new casinos,
bonus offers and other exciting
exclusives.
* indicates required
CryptoLists.com
Copyright © 2019-2022, by Crypto Lists Ltd (CryptoLists.com). Company name: Crypto Lists Limited. Address: 5 Upper Montagu Street, LONDON W1H 2AG, England.
Jump to top