Ethereum sets to Merge on September 15.
https://twitter.com/WatcherGuru/status/1558076486065725440
- WatcherGuru
This event is excellent news for many users but bad for the miners.
https://twitter.com/binance/status/1558166528415219713
- binance
Miners are launching their own chain to oppose the Merge. One of them is ETHW. Since Ethereum shifts from Proof of Work to Proof of Stake, miners' profits are likely dramatically reduced.
There are 4 phases of the Merge:
- surge
- verge
- purge
- splurge
Surge
Surge is the addition of Ethereum sharding that further reduces the cost of layer 2 blockchains, the cost of rollups, and bundled transactions.
Verge
Verge is implementing Verkle trees that allow users to become network validators without having to store a large amount of data on their machines.
Purge
Purge is to cut down the spaces you used to have in your hard drive and simplify the Ethereum protocol over time.
Splurge
Splurge is the rest of the update process to add more features to the Ethereum blockchain.
https://twitter.com/milesdeutscher/status/1550315295402668032
- milesdeutscher
Why should I care?
https://twitter.com/xuanling11/status/1558348564790534144
- xuanling11
You probably don't care about the Merge anyway. That is okay.
The only thing you may care about is that you can stake Ethereum sometime after the Merge.
https://twitter.com/xuanling11/status/1558356283954044929
- xuanling11
Let's see how smooth the Merge will be.
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Photo by Markus Spiske on Unsplash
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