Will the cryptocurrency ecosystem see the end of the tunnel? The industry, shaken by the historic consequences of a series of crashes and bankruptcies of hitherto strong companies, is now holding its breath; From September 13 to 15, the world’s most popular blockchain after Bitcoin will undergo a major upgrade. “The merger”. The shutdown, which consists of switching from the old protocol to a new, more modern and much less energy efficient one, has been planned for a long time. Thus, issuing ethers and verifying transactions with this cryptocurrency will be much less energy-intensive.
One of the main complaints against cryptocurrencies is the energy argument. It will damage their reputation long ago. So Bitcoin mining is accused of consuming as much electricity as a country like Finland. By tackling this shortcoming head on, The Merge promises to restore the image of one of the most promising blockchains in the world with a massive capitalization of 187 billion euros. Even if it means having a positive effect on the price of cryptocurrencies.
Source: Le Figaro
I am David Wyatt, a professional writer and journalist for Buna Times. I specialize in the world section of news coverage, where I bring to light stories and issues that affect us globally. As a graduate of Journalism, I have always had the passion to spread knowledge through writing.