For many months, the ecosystem has been shaken by the announcement of the Ethereum transition. If so far everything was still vague, well the date is now known! And the countdown is on for The Merge. Are you ready ?
Google kicks off Ethereum Merge countdown
Blockchain and native crypto Ethereum (ETH) have always been famous. Main competitors of bitcoin (BTC), it was only normal. However, the second largest blockchain has been in the news for several months because of the announcement of its transition. The latter declared that she had started a change of network, going from Proof-of-Work (PoW) at Proof-of-Stake (PoS).
From then on, all eyes were on the evolution of the blockchain. If so far there was no fixed date, Google sort of solved the problem. The biggest search engine has started the countdown to The Merge. According to the data, the transition will take place in three days. So get ready and make sure you have followed all the rules listed for the upgrade.
Why is ETH becoming the favorite project of banks?
Many people support the Ethereum merger. From the largest NFT collections to crypto protocols, several investors have turned their backs on a forked blockchain that will still continue to work with proof of work after the transition. Among the multiple supporters of the upgrade, SEBA Bank stands out.
The Swiss bank unconditionally supports Vitalik Buterin’s project and contributes to its success in its own way. Indeed, it brings to the PoS blockchain new validators with well-stocked financial portfolios. However, this massive influx of institutional investors could well cause some inconvenience as The Merge draws near.
Brian Armstrong, the CEO of Coinbase recently spoke about his fears. He thinks pressure from regulators could jeopardize the integrity of the network. However, regulators are not the only threat to the new blockchain. Institutional investors are arguably the greatest danger.
Indeed, the latter have a large quantity of ethers. They could therefore agree and decide to centralize the network. So, while the merger is intended to solve some problems of network scaling and power consumption, it may well face other problems.
The Ethereum Merge is here soon. Google has started the countdown to the fateful moment. However, it should be noted that this is an estimate based on the difficulty of the hashrate. If some people are wary of the impact of the massive influx of institutional investors on the new network, it’s a safe bet that its founder, Vitalik Buterin, has already planned everything.
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