In about a week, one of the most significant shifts in crypto’s history will happen when the blockchain Ethereum completes a software update known as “the merge.”
The merge, which is tentatively scheduled for Sept. 15, will drastically reduce Ethereum’s energy usage, making it much more environmentally-friendly than Bitcoin. The merge could also have a slew of far-reaching effects, for better or worse: it could crash or turbocharge the price of Ether; spur mainstream adoption or reduce confidence in crypto; lessen some security risks, or exacerbate others. Here’s what a layperson should know about the transition.
Who will be interested to see if this breaths some life back into the crypto markets that have been taking it on the chin this summer…
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