The merge has 5 main things, which are;
The Merge
The Surge
The Verge
The Purge
The Splurge
Like a song lyrics right :)
Anyways;
First of all we will ve able to use the ETH chain faster and cheaper.. My early NFT days i spent 1000s of $ for the ETH fees and that was really heart breaking.. I have paid more than $500 for one mint at the time :/
With the merge the ETH network will spend lots of less enery with that.. Like %99,5 less! Which seems amazing! And im sure the ETH fees will drop to the floor, finally!
(PoW) Proof-of-Work algorithm to move to (PoS) Proof-of-Stake, which will make Ethereum stronger..
Vitalik Buterin, Ethereum founder says that this is only the beginning and when i heard this i got excited in big time! He also said that ETH network could get 100.000 transactions in only 1 second when the merge complete..
Also Circle, the company is backing up the USDC stable coin announced that they are supoorting the merge in big time..
Names like Avi Felman and Raoul Pal announced that they are big supporters for the merge, this one is also important..
But also there are some risks, which are;
DOS Attacks, Scamming sutiations and ETH price drop.. We will see all these in couple of days..
I believe this development will change the crypto world for good.. It only needs some more short time..
Thank you everyone!
Posted Using LeoFinance Beta