Ethereum, the popular crypto network that runs Ether, is about to get a long-anticipated software change. "The Merge," as it is known to crypto fans worldwide, will lower Ethereum's energy use by 99%. Bloomberg's Sonali Basak explains on "Bloomberg Crypto."
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Francisco Gimeno - BC Analyst Full hype on the "Merge" event sometime this week. PoW will be substituted by PoS and many say this will be important for energy consumption, speed and other wonderful things. This is, at least, what is said, although we tend to wait first before we start ringing the bells in joyful mood. Some indications is that this event will cause some volatility and speculators of course are there on standby to do everything possible to get their profit, pump and dump as many alt coins they can, etc. But this will pass too then we will start seeing if "The Merge" is really working as it was thought. And let's not forget, this is just the first stage of a long term five stages' plan of Ethereum to transform this platform. Rationality tell us to wait, see and look for the opportunities and advantages, of course.