Imagine having to change the engine of a spaceship mid-flight. A similar task is facing Preston Van Loon and a few dozen more developers working on a critical software upgrade to Ethereum, the blockchain underpinning thousands of decentralized applications and ether, a cryptocurrency with a $204 billion market capitalization.
Awaited for years, the upgrade entered its first phase–called Bellatrix–at 7:34 A.M. EST on 9/6, setting the stage for the blockchain’s merge with another decentralized ledger named the Beacon Chain and changes in the economics of ether (ETH).
If all goes well, around Sept. 15 Ethereum will adopt the Beacon Chain’s method of processing transactions, proof-of-stake, which is approximately 99.95% more energy efficient than the current proof-of-work mechanism.
“We’ve been testing the Merge for maybe a year at this point,” says Van Loon. “We’re not sleeping much in part out of excitement and in part out of a little bit of anxiety because it is such a big deal with so much at stake.”
No major blockchain has faced an overhaul of this scale.
“I consider this the most significant catalyst in crypto history in terms of its magnitude and the fact that ETH is the second largest crypto,” says Travis Kling, chief investment officer at crypto asset management firm Ikigai.
Read the full story on Forbes: https://www.forbes.com/sites/ninabambysheva/2022/09/06/first-phase-of-ethereum-merge-biggest-thing-in-crypto-since-bitcoin-goes-live/?sh=797dc59817db
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9 Comments
What is the best way to invest in the crypto market now, any idea please?
I'm new to trading. How can I make more profitable investment in crypto without incurring much losses?
ETh is now Proof of Centralization
♥️𝗧𝗿𝗲𝗻𝗱𝗶𝗻𝗴 𝗮𝗱𝘂𝗹𝘁 𝗽𝗼𝗿𝗻 𝘃𝗶𝗱𝗲𝗼𝘀 𝗼𝗻𝗹𝘆❤️ Alles sehr schön. Aber zuerst zusammen die Nummern 10 und 1. Eine Cucuzz.Online Brünette und eine andere Blondine. Es wäre unfairj, wenn ich 4 wählen würde
Regulations.
That is all you need to know when it comes to Crypto.
All Crypto investors want you on board… why, because without you they have nothing.
To think a government would allow an unregulated currency to exist in popularity in the long-term is crazy. Crypto will live on, but not in the way it was intended.
BTC's price has been fluctuating lately, which means the market is currently open and you cannot tell whether it is going to be bearish or bullish. This uncertainty is driving most traders away and forcing investors to hold. I would say it's totally wrong to just sit back and wait, maybe make a few losses, this is the wrong way of thinking for an investor because as an investor it should be our job to find ways to add and recharge more and more coins as the ultimate goal of making a profit. It all depends on the pattern you are trading in and the source of your strategies as well. I started at 3.2 BTC and accumulated over 17.5 BTC using the correct trading strategy given to me by an experienced trader, Theo Ryan. His methods are top notch and profitable. He runs program for investors/newbies who lack understanding on how trading Bitcoin work's
Alles sehr schön. Aber zuerst zusammen die Nummern 10 und 1. Eine gedangsiemm.ONLINE Brünette und eine anderer Blondine. Es wäre unfair, wenn ich 4 wählen würde
Sir what is the best way to make money from crypto trading/stock
find your knowledge fantastic and the way that you explain is a great help. <I would love to know how you studied this all. <In as much I would like to add to what you have said here the market is in a tug of war with the bull at one side and the bears at the other end. If this is really a bear market rally then Bitcoin is not done going down, just like stocks are not done going down. We are seeing the positions filled, the price goes, up, then a new wave of selling comes in, hit the new orders again and repeat, looks like someone accumulating hard. From a technical perspective, as expected, the price might continue to move lower so this is a normal process and bitcoin is accumulating bullish tradng volume. My hope is that by the fourth quarter, the economy will be slowing enough that the Fed says we are going to pause, and then you will see the next crypto cycle start. I have witnessed the last 3 cycles and just before each bull run the amount of bear posts and negativity around crypto is just like it is now. Bitcoin is entering the area of where a bottom will be formed IMO. Please note this could take months and there will likely be further volatility in both directions. Despite the volatility that has ruled the market this year, being a retail trader in the crypto market and implementing strategies/signals from Scott Franklin a professional broker/tradr that has been my mentor, I have accumulated 2.5' btc! in profits although the rates are capricious wiping out some of my profits, people who are open to learning from history, will survive It’s not that difficult. You can reach out to Mr Scott on <ͲeIєɠɾαm his personal handle is @ scottfranklinfx.,