The Ethereum Merge Happened - This is what you need to know

NFTs Made Simple

Sep 20 2022 • 16 mins

The Ethereum Merge paved the way for skeptics about cryptocurrency to see this new digital investment in a new light. Ethereum has gone the extra mile in making transactions easy and environmental-friendly. With the proof of stake replacing proof of work, the blockchain has the potential to help reduce the world’s energy consumption to about 0.2%.

The proof of stake system works as if you are putting money in a bank and leaving it untouched until you get a profitable return. Not only will this provide an easy way to reap your returns of investment, it will also not cost you much effort, time, and money.

This innovative approach proves the reason why Ethereum stands as one of the most popular blockchains for cryptocurrency and opens doors for other blockchains to follow suit.

Resources

Timecodes

0:00 Introduction

1:20 Should we be worried about this change?

3:30 Why is this change important?

5:23 Advantages of the Ethereum Merge

9:00 How staking works

11:30 Staking doesn’t have to be complicated

14:20 Innovation is constant.

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This show is for entertainment purposes only and should not be considered investment or financial advice. Do your research!