On September 15th, Ethereum is expected to complete its merge from a proof-of-work to a proof-of-stake consensus mechanism, which could have a major impact on the cryptocurrency.
Ran Neuner, Founder and Host of Crypto Banter, said that the upcoming merge, also known as ‘The Merge,’ will be the biggest event in crypto history since the first Bitcoin was mined.
“This ETH merge is the most important event that’s happened in [crypto] since the first Satoshi block was mined,” said Neuner. “It could be the biggest catalyst for crypto, but it could also be the biggest catastrophe for crypto.”
The Merge is expected to transition ETH’s consensus mechanism from an energy-intensive proof-of-work protocol to an ESG-friendly proof-of-stake dynamic. If The Merge successfully occurs on September 15th, as is expected, then stakers will be rewarded with 5 to 15 percent yield.
“The whole reason why Munger and Buffett and all of these guys are just infuriated by the whole crypto world is [cryptos] don...
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