About focusing on "getting finance and economics", pay attention to the development trend of the Metaverse blockchain, and refuse to speculate money! Refuse to stir fry NFT!Ethereum completes the "merger"Under the close attention of countless Cryptocurrency enthusiasts and Skepticism, Ethereum has completed an amazing "jump".According to relevant media reports, Ethereum has recently completed the so-called "merger", that is, a large-scale transformation
About focusing on "getting finance and economics", pay attention to the development trend of the Metaverse blockchain, and refuse to speculate money! Refuse to stir fry NFT!
Ethereum completes the "merger"
Under the close attention of countless Cryptocurrency enthusiasts and Skepticism, Ethereum has completed an amazing "jump".
According to relevant media reports, Ethereum has recently completed the so-called "merger", that is, a large-scale transformation. The core digital machine of the second largest Cryptocurrency is being transferred to the system that claims to be more energy-efficient.
Essentially, PoW mechanism (Proof of work) is converted into another way called equity certification (holdings). Some people describe it as equivalent to the transformation of cars from the "gasoline era" to the "electric era", which is an "epoch-making event".
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Crash!
According to relevant data, the outflow volume (7dMA) from the ETH exchange reached 17152.288 ETH, reaching a 1-month high. As of press release, Ethereum has once again dropped below the $1500 mark to $1419 a piece.
The image comes from the internet, such as being hacked or deleted
Why did Ethereum turn?
On the one hand, Ethereum's new system uses equity certificates, completely canceling mining.
This move will break free from energy consumption and mining machine difficulties. After switching modes, energy may be reduced by about 99.9%, which will reduce the emissions of one million tons of carbon dioxide per week.
A large number of mine owners who used to rely on mining in Ethereum had already started a sale in the mine, not only mining machines, but also a large number of miners who made a living were laid off.
On the other hand, Ethereum has introduced a new incentive mechanism to ensure that the account book is more difficult to tamper with. Theoretically, it is to use financial resources to convert into security.
The image comes from the internet, such as being hacked or deleted
Where will the future go?
Many scholars, experts and Ethereum enthusiasts have taken part in this blockchain reform experiment. Some researchers believe that the next step of Ethereum will be "fragmentation", that is, to disperse transactions into "fragmentation", which will improve traffic efficiency and overall speed like adding lanes on highways.
However, not all people pay for the upgrade. The doubters still doubt that Ethereum will become more centralized after its transformation into the Internet. In particular, there are a large number of original blocks in the hands of the founder V God and the founding team. After the merger, will it further strengthen the voice or further increase the risk of "supervision and self theft", thus deviating from the original intention of decentralization, and the risk will become more uncontrollable.
Whether questioned or not, its transformation has already occurred, and as for its future direction, we still need further observation and research.
Virtual currency carries risks and investment needs to be cautious. The only legal digital currency in China is Digital renminbi.
The image comes from the internet, such as being hacked or deleted
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