The Ethereum merge will see the current Proof of Work (PoW) blockchain and the Ethereum 2 blockchain merge into one blockchain, but it is more like a copy and paste situation. After the merge, there will be two different blockchains, Ethereum consensus, and Ethereum execution. There will be a lot of Ethereum clones coming out after the merge, and Polygon or ICP will be needed for Ethereum scalability. Ethereum 2 will pump the price of Ethereum past $2,000 before September and then crash afterward. Industry insiders are already preparing to market shitcoins following the merge.
Exploring the Ethereum Merge and Its Implications
Welcome to Daily Crypto News, where we take a look at the latest happenings in the crypto world. Today, we’re going to talk about the Ethereum merge and how it’s going to impact the crypto market.
What is the Ethereum Merge and How Does It Work?
The Ethereum merge is a significant development in the crypto world, where the Ethereum blockchain is set to merge with Ethereum two to create a single blockchain. This merge involves a copy-paste operation, where Ethereum proper will be copied and placed under Ethereum two, creating two different blockchains, namely Ethereum consensus and Ethereum execution. These two blockchains will enable users to connect to Ethereum via a different URL and chain ID.
Impact on the Market
The Ethereum merge is expected to have a substantial impact on the crypto market. The price of Ethereum is expected to reach a new high before the merge, after which it is likely to crash. The merge will also lead to the creation of several Ethereum clones, leading to a lot of propaganda, rug pulls, and scam coins. However, there are several scaling solutions that can help solve the problems associated with the post-merge period.
The Role of Polygon and ICP
As Ethereum works on scaling solutions to solve gas prices and other problems, it will need to collaborate with other blockchains. Polygon and ICP are both scaling solutions that can play a significant role in the future of Ethereum. Paying attention to these developments can help investors navigate the fast-changing crypto landscape.
In conclusion, the Ethereum merge is a significant development that will impact the crypto market in many ways. Understanding how it works and its implications for the market can help investors make informed decisions.