Is merge the final destination for ethereum

A lot of development has taken place on the second largest cryptocurrency by market capitalization, with the scaling solution to solve the long fee congestion price of making transactions and increasing transaction per second (TPs) speed on the blockchain network will the migration from proof of work PoW to proof of stake PoS be the final stage upgrade/development the project will witness. there are concerns that the early pump in ethereum ETH might lead to a massive dump in price if investors do not get the expected results from the incoming merge.

Large ethereum outflow from centralized exchange

With the merge which will take place on September 19, an all-time high outflow of ethereum has been taking place investors are moving their ethereum to stake them on a decentralized platform beacon chain.

What to expect after the merge

Ethereum co-founder Vitalik has given a summary of what users should expect after a successful merge according to Vitalik more development will be taking place with a merge being a tip of an ice bag to update the project to PoS consensus.

Here is a list of core upgrades that will take place in the blockchain

• The Merge

• The Surge

• The Verge

• The merge is about moving from Proof of Work (PoS) to Proof of Stake (PoS)

• The Surge is developing ethereum sharding; improving ethereum scalability and capability, it helps secure network data enabling layer2 solution to leverage on cheap transaction fees making nodes easier to operate.

• The verge will help optimize database/storage on the network by reducing node size.

Here are other long-term goals shared by the ethereum co-founder.

source

• Making ethereum quantum resistance

• increasing transaction space

Making upgrades are a bit complex achieving them can take time as shared by Vitalik ethereum with such massive development could still retain its position if possible could flip bitcoin although chances are low, looking at how development is taking place there is no limit to how ethereum blockchain will explode the crypto space.

There is much room for improvement and certainly, after the merge, more development will take place we should limit our expectations, the merger will only shift the blockchain to PoS allowing small investors to stake a small amount of ethereum for profit not a surge in price.

posted