What is Ethereum Merge and Why is the ETH Coin blowing up?

 What is Ethereum Merge? 

The Merge represents the joining of the existing execution layer of Ethereum (the Mainnet we use today) with its new proof-of-stake consensus layer, the Beacon Chain. It eliminates the need for energy-intensive mining and instead secures the network using staked ETH. A truly exciting step in realizing the Ethereum vision – more scalability, security, and sustainability.

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Let's consider an analogy. Imagine Ethereum is a spaceship that isn't quite ready for an interstellar voyage. With the Beacon Chain, the community has built a new engine and a hardened hull. After significant testing, it's almost time to hot-swap the new engine for the old mid-flight. This will merge the new, more efficient engine into the existing ship, ready to put in some serious lightyears and take on the universe.

What do you need to do as an Ethereum Holder? 

Nothing like absolutely Nothing.

You do not need to do anything to protect your funds entering The Merge.

This bears repeating: As a user or holder of ETH or any other digital asset on Ethereum, as well as non-node-operating stakers, you do not need to do anything with your funds or wallet before The Merge.

Despite swapping out proof-of-work, the entire history of Ethereum since genesis remains intact and unaltered after the transition to proof-of-stake. Any funds held in your wallet before The Merge will still be accessible after The Merge. No action is required to upgrade on your part. 

Why is ETH coin going up? 

It is simply the excitement around the coin, Most holders index are extremely high and it's helping the coin to grow. At report time, The Coin is hovering around $2000. We are all happy of the prospects 

When will the Merging Take Place? 

The Merge is expected to land within Q3/Q4 2022. The client developers are currently working to a soft deadline of 19th September 2022

Good days ahead, Follow us for more updates about your favourite Coin.