The world has been full of bad news recently, so it’s refreshing to be reporting on something positive.
This morning, arguably the single biggest event in the short history of קריפּטאָקוררענסי גענומען אָרט. עטהערעום “merged”, completing its upgrade to a דערווייַז-פון-פלעקל (PoS) blockchain. And it was 100% successful.
איר זוכט פֿאַר שנעל נייַעס, הייס עצות און מאַרק אַנאַליסיס?
צייכן אַרויף פֿאַר די ינוועזז נוזלעטער.
In this piece, I’ll dig into what it all means, how it transpired and the price action in the wake of the big event. And why not throw in some predictions right at the end?
Why has the Merge occurred?
Shifting away from the energy-intensive “mining” that ביטקאָין uses, the upgrade is primed to reduce Ethereum’s energy consumption by 99.95%. This is one of, if not the biggest, complaint about crypto in general – its outsized carbon footprint. No matter what way you swing it, the upgrade to Proof-of-Stake now renders this point nearly moot.
Source: https://invezz.com/news/2022/09/15/what-does-the-ethereum-merge-mean-a-post-merge-analysis/