In about three hours the world will know the destiny of Ethereum, the second most known and traded cryptocurrency after Bitcoin. The Ethereum merge for dummies: here’s what’s happening to Ethereum explained to non-experts.
Ethereum to date has used a Proof-of-Work (POW), proof that a transaction or a wallet is legitimate. POW costs a lot of energy, and this is one of the main criticisms that have been leveled at Ethereum, as well as other cryptocurrencies.
And that perhaps they have partially held back its development. From today Ethereum will consume 99% less energy! This will be done via another system, the Proof-of-Stack (POS). It is possible to follow the live broadcast of the event on the Ethereum Foundation Youtube channel, precisely here: https://www.youtube.com/watch?v=Nx-jYgI0QVI
Someone suggests that the value of Ethereum will increase and therefore it would be better to buy some, but we don’t feel like recommending it. BTW I solemnly swear that no one has bought live stream views for this video from us 😉