The Merge of Ethereum is Nearing, and the Stakes Could Not Be Higher!

2 years ago
2

"The Merge" refers to the long-awaited update to the Ethereum blockchain, which will see the world's second largest cryptocurrency migrate to a proof-of-stake basis. The Merge is the most recent term for a long-running process previously named Ethereum 2.0. It is too soon to determine if the worst is past, but the industry appears to be doing well with the slump. The Beacon chain witnessed a "block reorganization" incident, in which its blockchain forked seven times in a row. Although the reason appears to be innocuous, it caused a momentary crisis of faith in the crypto community. The stakes for the merger could not be greater, not only for Ethereum, but for the whole crypto sector.

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