The Crypto World Can’t Wait for the ‘Ethereum Merge’

After almost six years of waiting, the Ethereum merge is finally set to take place in September this year. There will be two stages for Ethereum merge to be public in the crypto market- the first stage, Bellatrix, happening on September 6 and the final stage, Paris, happening between September 10 and September 20. If all goes according to plan, the Merge will take place around Sept. 15. The change would shift Ethereum to a more energy-efficient infrastructure, addressing the widespread criticism that crypto’s climate impact outweighs its possible benefits. As a result of the Ethereum merge, the blockchain will become 99.5 percent more energy efficient after shedding its power-hungry proof-of-work consensus mechanism. The merge is also believed to reduce processing times, lower transaction fees, and help the blockchain scale in the future. What is Ethereum Merge? At basic level, the merge (sometimes called Ethereum 2.0, Eth 2, or ETH 2.0) is an upgrade to the Ethereum blockchain that will reduce its environmental impact, increase security in the network, and enable Ethereum developers to introduce new features and increase the scalability of the chain. But if you are looking for a technical definition, mostly lifted from Ethereum.org: The Merge is an upgrade to the Ethereum platform that will merge the Ethereum Mainnet with the Beacon Chain, marking a transition from proof-of-work to proof-of-stake. If you’re not much aware of ...