WHAT DOES THE NEW ETHEREUM MERGER REFER TO?

Everything immersed in the technological environment is subject to updates and modifications, so Goals of Bitcoin as computer software must be increasingly updated.

That is why the prestigious VIRTUAL CURRENCY and its general Ethereum project are being modified in favor of the use and majesty of this platform since there are many services it offers.

Bitcoin has not yet revealed the face of its creator; a mystery surrounds the creation of this cryptocurrency, the opposite case of Ethereum, where a group of computer developers is in the hard work of creating new opportunities for its users.

It is there where the technology and its bases as an accounting book where all the operations carried out with the CRYPTOCURRENCY are recorded come into play to improve energy consumption and facilitate the processes Ethereum is preparing for a 2.0 version.

Ethereum has become the leading platform in creating various cryptographic products to diversify the investment options of cryptocurrency users; such is the case that it has allowed the creation of NFTs, products such as loans, and of course, the digital currency Ether.

Its use worldwide has allowed many people to adhere to a NEW DIGITAL FINANCIAL MODEL since this digital currency is projected as the possible leader of cryptocurrencies.

Mining is the first aspect to be modified.

The fact that cryptocurrencies generate a high level of environmental pollution in their mining process has made the developers of Ethereum think about creating a new revitalized platform where mining does not involve so much energy consumption and much less pollution.

This is why this cryptocurrency has decided to create a new blockchain-based experience, only with fewer environmental sacrifices and offering a unique investment scenario.

The new stage is called The Merge. The miners will be chosen at random to solve the various mathematical algorithms that arise while issuing this cryptocurrency.

Users previously known as miners will be selected with the primary function of validating the operations and transactions carried out in the environment called Beacon Chain, a new version of the blockchain but for Ethereum.

Possibly this new change will position Ethereum in the first place, historically displacing Bitcoin, but, until now, cryptocurrencies are going through a complex and challenging streak in terms of their valuation.

To achieve this transition operation, it is necessary to have the support of the Stock Exchange companies that make deposits and withdrawals of Ether, where they will have to suspend any type of operation to achieve the change without significant news.

All this focused on avoiding errors as when in 2020, after a platform update where the result caused severe damage, such as the division in two of Ethereum.

Significant changes equal big problems.

The fact of wanting to make a transition that reduces pollution and damage to the environment through mining also puts users or miners at risk since, for many, it will be more profitable to sell their equipment than to wait for the rewards of mining New Ethereum platform.

Computer specialists evaluate the possible inconveniences generated when making the change from Ethereum, but for them, it is essential to keep the security of crypto assets intact.

As in all change processes, there will always be individuals who want to generate anxiety and possibly violate the system. The transition to a new version decreases the number of followers since the security of such a prestigious cryptocurrency would be broken.

The possible bifurcation of the digital currency could lead to the adoption of a double network of transactions, which worries many financial and technological specialists; consequently, the information about the transition to the Merge has not been transmitted regarding the date and the exact time it will happen.

Conclusion

Just as information technologies are being updated, cryptocurrencies, as digital currencies with a financial impact and whose origin is technological, must constantly be changing and adapting to the economic environment.

It is there where many of the cryptocurrencies fail in the attempt to improve their characteristics and capabilities to cover new platforms and services that benefit their users.

It only remains to wait for the result of this new experience that can have two extremist vertices, where Ethereum could achieve greater adoption or simply its disappearance and the number of benefits that to date offers its users.

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