What Happens to Bitcoin With the Coming Ether Merge?

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The second-largest digital currency in the world is expected to complete its transition from energy-intensive Proof of Work (PoW) to Proof of State (PoS) consensus around September 13 to September 15, according to Vitalik Buterin, the inventor of Ethereum.

How will Bitcoin's reputation, which still uses PoW consensus and dominates the cryptocurrency industry, is impacted by The Merge, which is said to transform cryptocurrencies forever?

The $204 billion market cap Ethereum upgrade, which has been expected for years, began last week at 7:34 AM EST with Bellatrix, opening the door for the blockchain to connect with another decentralized ledger called the Beacon Chain and changes to Ether's economics.

Advantages of The Merge

The Merge is the newest upgrade to the Ethereum blockchain, which aims to create a trustworthy decentralized environment for the coming of finance.

In addition to resolving energy difficulties, the switch to proof of stake provides further advantages.

In a PoS system, validators who have staked part of their tokens verify block transactions.

The more tokens someone has linked to the blockchain, the more probable it is that they will be randomly chosen as a network validator.

In contrast, PoW, which mines tokens by utilizing computers to solve mathematical problems, consumes a lot of energy.

PoW has a significant disadvantage due to this rate of energy consumption because it will still be the basis for Bitcoin mining long after Ethereum stops using it.

The recent collapse of cryptocurrency lenders during a bear market is not the only macroeconomic danger that the whole crypto ecosystem is currently facing. There are other risks as well.

Political turmoil, high inflation rates, and hawkish national