{"id":1281,"date":"2022-09-08T12:23:14","date_gmt":"2022-09-08T12:23:14","guid":{"rendered":"https:\/\/digitalcoinprice.com\/blog\/?p=1281"},"modified":"2023-03-30T11:54:17","modified_gmt":"2023-03-30T11:54:17","slug":"the-ethereum-merge-interesting-facts","status":"publish","type":"post","link":"https:\/\/digitalcoinprice.com\/blog\/the-ethereum-merge-interesting-facts","title":{"rendered":"Ethereum Merge: Top 5 Interesting Things You Should Know About It"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_73 counter-flat ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Content<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #223c50;color:#223c50\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #223c50;color:#223c50\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/digitalcoinprice.com\/blog\/the-ethereum-merge-interesting-facts\/#Toward_the_Consumption_of_Greener_Harmony\" title=\"Toward the Consumption of Greener Harmony\">Toward the Consumption of Greener Harmony<\/a><\/li><li class='ez-toc-page-1'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/digitalcoinprice.com\/blog\/the-ethereum-merge-interesting-facts\/#Beliefs_of_Proof-of-work_Fork\" title=\"Beliefs of Proof-of-work Fork?\">Beliefs of Proof-of-work Fork?<\/a><\/li><li class='ez-toc-page-1'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/digitalcoinprice.com\/blog\/the-ethereum-merge-interesting-facts\/#What_Powers_Ethereum_20\" title=\"What Powers Ethereum 2.0?\">What Powers Ethereum 2.0?<\/a><\/li><li class='ez-toc-page-1'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/digitalcoinprice.com\/blog\/the-ethereum-merge-interesting-facts\/#Lowest_Gas_Fees_Reality\" title=\"Lowest Gas Fees Reality?\">Lowest Gas Fees Reality?<\/a><\/li><li class='ez-toc-page-1'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/digitalcoinprice.com\/blog\/the-ethereum-merge-interesting-facts\/#Is_ETH_Getting_Swiped\" title=\"Is ETH Getting Swiped?\">Is ETH Getting Swiped?<\/a><\/li><li class='ez-toc-page-1'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/digitalcoinprice.com\/blog\/the-ethereum-merge-interesting-facts\/#Is_Everyone_Prepared\" title=\"Is Everyone Prepared?\">Is Everyone Prepared?<\/a><\/li><li class='ez-toc-page-1'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/digitalcoinprice.com\/blog\/the-ethereum-merge-interesting-facts\/#Ethereum_20_Merger_Date\" title=\"Ethereum 2.0 Merger Date\">Ethereum 2.0 Merger Date<\/a><\/li><li class='ez-toc-page-1'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/digitalcoinprice.com\/blog\/the-ethereum-merge-interesting-facts\/#What_Occurred_to_%E2%80%98Eth2\" title=\"What Occurred to &#8216;Eth2&#8217;?\">What Occurred to &#8216;Eth2&#8217;?<\/a><\/li><\/ul><\/nav><\/div>\n<h4>FEATURE<b><\/b><\/h4>\n<ul>\n<li aria-level=\"1\"><b>As per Ethereum&#8217;s official website, this Merge will reduce Ethereum&#8217;s 2.0 power consumption, a strong relief point for crypto enthusiasts. The consumption will reduce energy by ~99.95%.<\/b><\/li>\n<li aria-level=\"1\"><b>In terms of use cases, the Merge makes Ethereum more scalable.<\/b><\/li>\n<li aria-level=\"1\"><b>The Ethereum blockchain running on PoW is rumored to be split by many miners.<\/b><\/li>\n<li aria-level=\"1\"><b>As a result, future scaling upgrades, including sharding, will be possible.<\/b><\/li>\n<li aria-level=\"1\"><b>There will be a merger between the current Ethereum Mainnet and Beacon Chain&#8217;s proof-of-stake system.<\/b><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">Nowadays, the Ethereum Merge event is on a trend, and every crypto enthusiast is murmuring about it. The Merge is expected to happen in mid-September. Ethereum is solving its major issue during this merger by moving from proof-of-work (PoW) to proof-of-stake (PoS). Ethereum Merger is in the limelight till it happens because it will reduce Ethereum&#8217;s 2.0 power consumption, a strong relief point for crypto enthusiasts.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">But there is a lot more to know about the Merge. Let&#8217;s understand the five things about Ethereum Merge that you have to know.\u00a0<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Toward_the_Consumption_of_Greener_Harmony\"><\/span><strong>Toward the Consumption of Greener Harmony<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Due to the ongoing climate crisis, the greener the better is the way to go. A global trend has been observed in the crypto industry, as well, concerning greener compliance. The PoS (Proof-of-Stake) is known for its low energy consumption in crypto mining, and Ethereum 1.0 has a weakness in energy consumption.\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Approximately a week&#8217;s worth of power is required for a single Ethereum transaction, according to Digiconomist. These examples aim not to scare or discourage you but to help you understand how Ethereum power consumption needs optimization.<\/span><\/li>\n<\/ul>\n<p><b>Also Read: <\/b><a href=\"https:\/\/digitalcoinprice.com\/blog\/the-ethereum-merge-how-can-it-affect\"><span style=\"font-weight: 400;\">The Ethereum Merge: What is it, and how can it affect the value of Ethereum?<\/span><\/a><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Beliefs_of_Proof-of-work_Fork\"><\/span>Beliefs of Proof-of-work Fork?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">The Ethereum mining community speculates that they&#8217;ll create a PoW network fork to continue mining as they did before the Merge. Whenever a blockchain&#8217;s protocol is changed, it is known as forking. Forking involves splitting the chain into two blockchains, which share the same histories. PoW is currently used as a consensus mechanism by Ethereum Classic and ETHPOW.<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_Powers_Ethereum_20\"><\/span>What Powers Ethereum 2.0?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">Ethereum 2.0&#8217;s architecture is based on the Beacon Chain. It runs on Ethereum&#8217;s network as a parallel blockchain. Transactions aren&#8217;t being processed on the mainnet, but the concurrence is being reached independently of the mainnet. PoS is used to secure the Beacon Chain, unlike Ethereum&#8217;s mainnet, which runs on PoW.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Therefore. After the merge, Ethereum&#8217;s current mainnet will be entirely replaced by bacon Chain&#8217;s PoS algorithm. Mainnet is the public version of a blockchain project if you&#8217;re wondering what it is.<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Lowest_Gas_Fees_Reality\"><\/span>Lowest Gas Fees Reality?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">Contrary to popular belief, it is not true that the Merge will lower gas fees. The network&#8217;s capacity will not increase by switching to a different algorithm. While the transaction speed will remain relatively similar to that of the current mainnet, it is touted to be more scalable.<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Is_ETH_Getting_Swiped\"><\/span>Is ETH Getting Swiped?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">Never, Ethereum Merge is going for a transformation, not for replacement. This merge will not produce any other coin or token to replace current ETH tokens.\u00a0<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Is_Everyone_Prepared\"><\/span>Is Everyone Prepared?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">Well, some traders are spreading the news to fork the blockchain. Some are supporting the mere, while others are not in support of Ethereum Merge. It&#8217;s still unclear how the new chan will perform and react after a Merge. This Merge event is the most awaited movement. It will make history or destroys the movement that you will know soon.\u00a0\u00a0<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Ethereum_20_Merger_Date\"><\/span>Ethereum 2.0 Merger Date<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-1298 size-large aligncenter\" src=\"https:\/\/digitalcoinprice.com\/blog\/wp-content\/uploads\/2022\/09\/image_2022_09_12T07_02_13_715Z-1024x576.png\" alt=\"Ethereum 2.0 Merger \" width=\"1024\" height=\"576\" srcset=\"https:\/\/digitalcoinprice.com\/blog\/wp-content\/uploads\/2022\/09\/image_2022_09_12T07_02_13_715Z-1024x576.png 1024w, https:\/\/digitalcoinprice.com\/blog\/wp-content\/uploads\/2022\/09\/image_2022_09_12T07_02_13_715Z-300x169.png 300w, https:\/\/digitalcoinprice.com\/blog\/wp-content\/uploads\/2022\/09\/image_2022_09_12T07_02_13_715Z-768x432.png 768w, https:\/\/digitalcoinprice.com\/blog\/wp-content\/uploads\/2022\/09\/image_2022_09_12T07_02_13_715Z-1536x864.png 1536w, https:\/\/digitalcoinprice.com\/blog\/wp-content\/uploads\/2022\/09\/image_2022_09_12T07_02_13_715Z.png 1920w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/p>\n<p><span style=\"font-weight: 400;\">In the first stage, the merger of Ethereum 2.0 happened, named Bellatrix, on Sept 6, 2022. The second stage start after Sept 10, 2022. If everything goes well according to the schedule, on Sept 15, Ethereum will adopt the Beacon Chain, which consumes less power.\u00a0<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-1282 size-large\" src=\"https:\/\/digitalcoinprice.com\/blog\/wp-content\/uploads\/2022\/09\/image_2022_09_08T08_50_49_572Z-1024x580.png\" alt=\"\" width=\"1024\" height=\"580\" srcset=\"https:\/\/digitalcoinprice.com\/blog\/wp-content\/uploads\/2022\/09\/image_2022_09_08T08_50_49_572Z-1024x580.png 1024w, https:\/\/digitalcoinprice.com\/blog\/wp-content\/uploads\/2022\/09\/image_2022_09_08T08_50_49_572Z-300x170.png 300w, https:\/\/digitalcoinprice.com\/blog\/wp-content\/uploads\/2022\/09\/image_2022_09_08T08_50_49_572Z-768x435.png 768w, https:\/\/digitalcoinprice.com\/blog\/wp-content\/uploads\/2022\/09\/image_2022_09_08T08_50_49_572Z-1536x869.png 1536w, https:\/\/digitalcoinprice.com\/blog\/wp-content\/uploads\/2022\/09\/image_2022_09_08T08_50_49_572Z-2048x1159.png 2048w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/p>\n<p>&nbsp;<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_Occurred_to_%E2%80%98Eth2\"><\/span>What Occurred to &#8216;Eth2&#8217;?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><b>&#8216;Eth1&#8217; <\/b><span style=\"font-weight: 400;\">now comes under the &#8216;execution layer,&#8217; which handles transactions and execution.<\/span><\/p>\n<p><b>&#8216;Eth2&#8217;<\/b><span style=\"font-weight: 400;\"> now comes under the &#8216;consensus layer,&#8217; which handles proof-of-stake agreement.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">This agreement updates the names, not Ethereum&#8217;s goals and roadmaps.<\/span><\/p>\n<p><b>Read Also: <\/b><a href=\"https:\/\/digitalcoinprice.com\/blog\/the-ethereum-merge-how-can-it-affect\"><span style=\"font-weight: 400;\">The Ethereum Merge: What is it, and how can it affect the value of Ethereum?<\/span><\/a><\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>FEATURE As per Ethereum&#8217;s official website, this Merge will reduce Ethereum&#8217;s 2.0 power consumption, a strong relief point for crypto enthusiasts. The consumption will reduce energy by ~99.95%. In terms of use cases, the Merge makes Ethereum more scalable. The Ethereum blockchain running on PoW is rumored to be split by many miners. As a [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":1283,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-1281","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-analysis"],"_links":{"self":[{"href":"https:\/\/digitalcoinprice.com\/blog\/wp-json\/wp\/v2\/posts\/1281","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/digitalcoinprice.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/digitalcoinprice.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/digitalcoinprice.com\/blog\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/digitalcoinprice.com\/blog\/wp-json\/wp\/v2\/comments?post=1281"}],"version-history":[{"count":4,"href":"https:\/\/digitalcoinprice.com\/blog\/wp-json\/wp\/v2\/posts\/1281\/revisions"}],"predecessor-version":[{"id":2641,"href":"https:\/\/digitalcoinprice.com\/blog\/wp-json\/wp\/v2\/posts\/1281\/revisions\/2641"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/digitalcoinprice.com\/blog\/wp-json\/wp\/v2\/media\/1283"}],"wp:attachment":[{"href":"https:\/\/digitalcoinprice.com\/blog\/wp-json\/wp\/v2\/media?parent=1281"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/digitalcoinprice.com\/blog\/wp-json\/wp\/v2\/categories?post=1281"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/digitalcoinprice.com\/blog\/wp-json\/wp\/v2\/tags?post=1281"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}