The Ethereum Merge

Ethereum sets to Merge on September 15.

https://twitter.com/WatcherGuru/status/1558076486065725440

This event is excellent news for many users but bad for the miners.

https://twitter.com/binance/status/1558166528415219713

Miners are launching their own chain to oppose the Merge. One of them is ETHW. Since Ethereum shifts from Proof of Work to Proof of Stake, miners' profits are likely dramatically reduced. 

https://www.youtube.com/watch?v=kGjFTzRTH3Q&t=4s

There are 4 phases of the Merge: 

1) surge

2) verge

3) purge 

4) splurge

Surge

Surge is the addition of Ethereum sharding that further reduces the cost of layer 2 blockchains, the cost of rollups, and bundled transactions.  

Verge

Verge is implementing Verkle trees that allow users to become network validators without having to store a large amount of data on their machines.

Purge

Purge is to cut down the spaces you used to have in your hard drive and simplify the Ethereum protocol over time.

Splurge

Splurge is the rest of the update process to add more features to the Ethereum blockchain.

https://twitter.com/milesdeutscher/status/1550315295402668032

Why should I care?

https://twitter.com/xuanling11/status/1558348564790534144

You probably don't care about the Merge anyway. That is okay. 

The only thing you may care about is that you can stake Ethereum sometime after the Merge. 

https://twitter.com/xuanling11/status/1558356283954044929

Let's see how smooth the Merge will be.

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Photo by Nenad Novaković on Unsplash