Let’s talk about the Ethereum Merge!

If you pay attention to the crypto space you may have noticed that the Ethereum Merge is one of the hottest topics. It has been dubbed as one of the most significant crypto events since Terra and Luna’s fall. What is the Ethereum merge, why is it happening, and what are the possible effects of it?

The Ethereum Merge describes Ethereum changing from a Proof-of-Work system to a Proof-of-Stake system. The new system uses a consensus mechanism that relies on crypto owners validating blocks. These crypto owners use their own tokens as collateral in order to validate transactions. The advantages of a Proof-of-Stake system include faster transaction speeds and less energy consumption compared to Proof-of-Work.

The merge is happening in hopes of moving Ethereum to a network that uses less power than mining. The power consumption can possibly be reduced by more than 99.5%. The reduced power consumption will allow more blocks to be validated faster. Which will lead to faster transactions.

There is a lot of speculation about what the effects of the merge will be. It is theorized that the total supply of Ethereum will decrease so that investors can stake their tokens. Market interest and efficiency of the network are speculated to increase. Keep in mind that the merge is still happening so we do not know what will happen for sure.

This is an exciting time for the crypto market as well as Ethereum investors. The merge is set to happen on September 14th or 15th depending on where you’re located. We are excited to see where this merge is going to take the crypto market!

We hope this has helped you understand the Ethereum Merge. Bundil makes investing in crypto and learning about crypto easy. If you are interested in seeing the power of your spare change, download Bundil on the App Store or Google Play!

We hope this article helped! Please reach out to support@enjoybundil.com if you have anything you would like us to cover. (there are no stupid questions!)

-The Bundil Team

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