Ethereum's Defining Moment: The Merge
89 ππ» The Merge gets Googled, NFT News with Solana Mints/Merriam Webster, & Web3 Audio
Web3 News: Googleβs take on The Merge
NFT News: Solana NFTs π Merriam Webster Dictionary.
Web3 Audio: The Morning Squeeze Lucky Ducky Tales & Founders Friday
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Volume 89 featuring Ethereum
The Merge has arrived and signifies the Ethereum blockchain & cryptocurrencies defining moment of 2022. In just under 48 hours, Ethereum will do a 180ΒΊ from Proof of Work to Proof of Stake. A farewell to the Miners. A hello to the Stakers.
While the The Merge became the official name of the transition, lest not forget it was originally known as Ethereum 2.0. Very apropros because we are about to see Ethereum 2.0 with the proof-of-work mainnet merging with the proof-of-stake beacon chain. If you are unfamiliar with what this meansβ¦here is a simplified version from the Ethereum Foundation itself:
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.
The Ethereum blockchain following the merge will become quicker, more scalable, and 99% more energy-efficient. Even Google is taking notice.
This week Google added an official Ethereum Merge countdown tracker. Just type in βethereum mergeβ to your search bar and the exact details populate.
A defining moment for the Ethereum blockchain, Ether as an asset, and the greater cryptocurrency space has arrived. The success and/or failure of The Merge stands to have global repercussions across blockchain technology over days, years, and decades ahead. Success and failure will not simply be based on asset price yet instead will be centered on does the ETH 2.0 network operate without issues and most importantlyβ¦does this drive innovation forward in web3.
We like to say it regularlyβ¦
And this time we mean itβ¦we are moving 1 step closer to a new era in web technologies.
π¨ NFT News
NFT mints on Solana have surged to all-time high
Merriam-Webster adds βMetaverseβ and βAltcoinβ to Dictionary
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This newsletter was written byΒ Michael Rippe. Investrly is a showcase offering from Spiderw3b Consulting Group. Learn more about our web3 team and brand/individual strategies by emailing us here.