Eth Merge

2022 - 9 - 15

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Image courtesy of "Financial Times"

Hedge funds race to bet on outcome of Ethereum 'Merge' (Financial Times)

Laying wager on rise in ether price becomes 'one of most crowded trades in crypto history'

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Image courtesy of "Decrypt"

What the Ethereum Merge Means for Ordinary Users—And What It ... (Decrypt)

Ethereum is changing: moving from proof of work to proof of stake. But what does this mean to ordinary users? Here's what you need to know.

The move to proof of stake will add deflationary pressure to the cryptocurrency. Over time, it is possible that more ETH is burned than is issued on a yearly basis, but the merge alone will not make this happen. This combined with a drop in the issuance rate will add deflationary pressure to the cryptocurrency—but it won’t automatically make it deflationary. With proof of work, the total amount of miners are rewarded ~13,000 Ethereum per day. “You are giving your stake to someone else, who may decide to attack with that stake,” he said. Validators can be anyone with at least 32 ETH available to “stake,” or pledge, to the network. “ It is doable by anyone with a sufficiently good computer, electricity, and internet,” he said. “It hurts the network rather than helping, and the return on investment at the moment probably isn't worth it.” Right now, the cryptocurrency’s network uses the same consensus network as [Bitcoin](/resources/what-is-bitcoin-four-minute-instant-guide-explainer): proof of work. But this isn’t true—at least not yet, anyway, according to the Ethereum Foundation and experts who spoke to Decrypt. The long-awaited upgrade to the second biggest cryptocurrency by market cap is expected to take place tonight, based on [current estimates](https://ultrasound.money/). [proof of stake](https://decrypt.co/resources/proof-of-work-vs-proof-of-stake).

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Image courtesy of "Coindesk"

As Ethereum Merge Looms, Michael Saylor Pushes Back Against ... (Coindesk)

The bitcoin maximalist, executive chairman of MicroStrategy and recently alleged tax evader says the Bitcoin network's output is 100 times greater in cost ...

CoinDesk is an independent operating subsidiary of [Digital Currency Group](https://dcg.co/), which invests in [cryptocurrencies](https://dcg.co/#digital-assets-portfolio) and blockchain [startups](https://dcg.co/portfolio/). [strict set of editorial policies](/ethics/). Saylor has previously pledged to defend Bitcoin against energy critics as a founding member of the Bitcoin Mining Council. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of [stock appreciation rights](https://www.investopedia.com/terms/s/sar.asp), which vest over a multi-year period. But proponents of the original cryptocurrency and its energy-intensive [Ethereum After the Merge: What Comes Next?](https://www.coindesk.com/tech/2022/08/01/ethereum-after-the-merge-what-comes-next/)

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Image courtesy of "Forbes"

Where To Watch The Ethereum Merge Live Tonight (Forbes)

It's one of the biggest events in the history of crypto and blockchain and although there won't be any literal fireworks when the Ethereum blockchain moves ...

Bitcoin pioneered the proof of work model of establishing consensus across its distributed network. [The Merge](https://www.forbes.com/sites/seansteinsmith/2022/09/13/ethereums-paris-upgrade-starts-today-kicking-off-historical-final-merge-process/)” and it marks the moment that Ethereum moves from a system that requires the “validators” that keep the blockchain running to work through a computing problem to simply staking eth tokens as collateral for the privilege. [Ethereum blockchain](https://www.forbes.com/newsletters/forbescryptoassetadvisor/2022/09/14/ethereums-merge-is-happening-tonight/) moves from proof of work to proof of stake, true believers in eth are still celebrating around the world.

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Image courtesy of "Bloomberg"

Crypto Firms Prepare to Pause Activity During Ethereum 'Merge' (Bloomberg)

Crypto Firms Prepare to Pause Activity During Ethereum 'Merge' · Exchanges, apps to disable many Ethereum-related functions · Ether-related lending is impacted on ...

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Image courtesy of "CNBC"

The Ethereum 'merge' is almost here—how the historic upgrade will ... (CNBC)

Ethereum, the second-largest blockchain behind bitcoin, is expected to begin a technical upgrade dubbed the "merge." Here are four things investors should ...

"The merge will definitely make Ethereum more secure," says Gorbunov. Due to that barrier, Gorbunov expects Ethereum to become a lot safer. [Ether](https://www.cnbc.com/quotes/ETH.CM=) is valued at about $1,600 per coin as of Sept. And as the supply of ether decreases, the value of individual coins could increase, which would be welcome news for investors. However, this model is expected to be much less energy intensive. Both are algorithms used to allow users to add new cryptocurrency transactions and keep a record of them on a blockchain network.

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Image courtesy of "Coindesk"

Monitoring the Merge: What a Successful Ethereum Upgrade Will ... (Coindesk)

How to track the status of Ethereum's shift to proof-of-stake with a few easy-to-use tools.

CoinDesk is an independent operating subsidiary of [Digital Currency Group](https://dcg.co/), which invests in [cryptocurrencies](https://dcg.co/#digital-assets-portfolio) and blockchain [startups](https://dcg.co/portfolio/). All profits made from this staking venture will be donated to a charity of our choosing once transfers are enabled on the network. For a full overview of the project, check out - WHY IT MATTERS: The notable reduction in energy consumption after the Merge may allow some institutional investors, who are barred from buying tokens that run on proof-of-work systems, to purchase ether (ETH) for the first time, the report said. As Kim explained in her article, “Network finality on the Ethereum Beacon Chain is reached after 2 epochs are confirmed by at least 2/3 of active validators. (The piece is recommended reading for anyone looking for a deeper dive on monitoring the Merge after reading this newsletter.) A low participation rate, below the 2/3 threshold, suggests the opposite – that network finalization has a high likelihood of being delayed.” We will never rewrite history before that point.” This, in other words, is when the transactions written to the new proof-of-stake ledger become irreversible. “Immediately, we will ‘see empty slot, empty slot empty slot,’ and that would be the first sign of trouble. All eyes in the cryptosphere are set on “the Merge,” Ethereum’s long-awaited update to a new, greener, method for processing transactions. Even easier, you can look up “When is the Ethereum Merge?” on Google, and you’ll be greeted with a big, fat countdown timer. [Valid Points](https://www.coindesk.com/newsletters/valid-points/), CoinDesk’s weekly newsletter breaking down Ethereum’s evolution and its impact on crypto markets.

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Image courtesy of "Coindesk"

First Mover Asia: DeFi Builders Speak Out. What the Crowd Is ... (Coindesk)

The Merge will lead to the reduction of the Ethereum blockchain's carbon footprint, but it will not lower gas fees or improve Ethereum's scalability, ...

CoinDesk is an independent operating subsidiary of [Digital Currency Group](https://dcg.co/), which invests in [cryptocurrencies](https://dcg.co/#digital-assets-portfolio) and blockchain [startups](https://dcg.co/portfolio/). [South Korean Court Issues Arrest Warrant for Terra Co-Founder Do Kwon:](https://www.coindesk.com/business/2022/09/14/s-korean-court-issues-arrest-warrant-against-terra-co-founder-do-kwon-report/) The warrant also includes five others, according to a report. [strict set of editorial policies](/ethics/). [Crypto Giant FTX Eyes Raising Money to Fund Acquisitions: Source:](https://www.coindesk.com/business/2022/09/14/crypto-giant-ftx-eyes-raising-money-to-fund-acquisitions-source/) Sam Bankman-Fried’s exchange is raising capital as it considers a retail-focused deal, a person familiar with the matter said. initial jobless](https://www.dol.gov/) (Sept. [Bitcoiners Owe Andrew Ross Sorkin a Big Thank You:](https://www.coindesk.com/layer2/2022/09/12/bitcoiners-owe-andrew-ross-sorkin-a-big-thank-you/) By successfully campaigning to further politicize the payments system, The New York Times columnist just made value-neutral cryptocurrency networks more valuable in the long term. [Crypto Traders in Wait-and-See Mode in Countdown to Ethereum Merge:](https://www.coindesk.com/markets/2022/09/14/crypto-traders-in-wait-and-see-mode-in-countdown-to-ethereum-merge/) Ether was trading around the $1,500 level as the Merge approaches in less than 12 hours. And [sign up for First Mover](https://www.coindesk.com/newsletters/first-mover/), our daily newsletter putting the latest moves in crypto markets in context. “Ethereum and Bitcoin, the two oldest and largest blockchain projects, are both still using PoW which is widely (and rightly) considered wasteful,” Mihailo Bjelic, co-founder of Polygon, told CoinDesk in an email. HKT/SGT(12:30 p.m. The Merge is also unlikely to improve Ethereum’s scalability significantly, James Key, CEO of Autonomy Network told CoinDesk. "Given the jump in ETH/USD’s price last month, the Merge appears to have been priced in," James Trescothick, global market analyst for brokerage platform tixee, wrote in an email.

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