The cryptocurrency segment has been in stagnation for months. We’ve gone from the highs reached in November to extraordinary depreciation, which in most cases exceeded 65%. Ethereum has been one of those affectedbut now it’s laying the groundwork.

The blame may lie in the news of ‘Merge’, which is a very important change on this platform. Everything points to September 19 It’s a date to take this step, and it looks like it’s sparked optimism in this currency. It seems contagious optimism.

September, important month

We are facing a very important change in the functioning of this cryptocurrency. With ‘Merge’ or ‘Fusion’ What will be enabled is the new consensus mechanism where the Ethereum blockchain is updated.

Until now, the same mechanism used in Bitcoin has been called Proof of Work (PoW), but this ‘Merge’ would mean a switch to a Proof of Stake (PoS) mechanism. One of the immediate consequences is particularly noteworthy: Ethereum cannot be mined based on ‘rigs’ with powerful graphics cards as it has been done so far.

Greatly responsible for the evolution of Ethereum, he recently unveiled a preliminary roadmap for this process and highlighted Fusion if all goes well. It will take place on September 19. It’s not an exact date, but if it doesn’t happen that day, it’s likely to happen soon.

Is the optimism back?

This news seems to have a lot to do with it. increase in value This has been seen on Ethereum recently.

The evolution of ETH value over the past month.

In less than two weeks, we went from an ETH of around $1,100 to an ETH that is now. about to exceed 1,600. The rally also spread to other recovering cryptocurrencies, albeit not to a significant and noticeable degree.

Experts state that there seems to be a “return of optimism” in the crypto markets, and this significant change in the Ethereum network is promising. keep animating an episode which has dropped significantly in recent months.

Ethereum still has a long way to go

This significant change won’t be the only one the platform is facing. For its creator, Vitalik Buterin, the evolution of Ethereum is only 40% complete and There will be other phases after ‘merge’ That Buterin baptized with rhyming names, perhaps with a certain sarcasm. So, I was saying that after ‘merge’ we would experience ‘ripple’, ‘boundary’, ‘cleanup’ and ‘splurge’.

This developer explained how these phases will affect the scaling, cleanup and evolution of this cryptocurrency platform, which according to experts is less mature than bitcoin. While it is said that Bitcoin is 80% complete as a platform, Ethereum will be at 55% after merger.

Thus, in ‘surge’, ‘sharding’ capacity will be added to scale the platform, which will theoretically allow more transactions to be processed in a shorter time: from 15-20 transactions per second about 100,000 transactions per second.

He explained that with the ‘Boundary’ a set of mathematical tests called ‘Verkle trees’ will be implemented that will allow users to make it easier. be network validatorsSomething that would be “great for decentralization,” according to Buterin.

with a ‘clean’ delete old network history this is hardly used anymore and frees up disk space, the ‘splurge’ phase is still a mystery. Buterin has stated that it is simply ‘where the rest of the fun is’.