(Kitco News) With the crypto market dramatically crashing in June, one major event has been relegated to the background. Yet, it's the one to watch this year as it could send massive ripple effects throughout the crypto space and even end the crypto winter, according to analysts.
The big event is the Ethereum Merge. But before getting to why it can trigger a massive surge in prices and why many refer to it as the "triple halving," here are the basics that you need to know.
What is the Merge?
The Merge will see Ethereum transition to the more energy-efficient proof-of-stake protocol from the energy-intensive proof-of-work protocol, which Bitcoin also uses. The energy consumption post-Merge will drop by 99.5%, and the issuance of new ETH tokens will be cut by about 90%, with many analysts projecting the price of Ethereum to surge.
Proof-of-work uses computers to mine Ethereum by solving complex puzzles. The first to complete the calculation gets to create a new block (a group of...
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