Here’s When Vitalik Buterin Thinks Ethereum (ETH) Merge To Priced-In

Ethereum co-founder Vitalik Buterin said on Monday that Ethereum (ETH) and the entire cryptocurrency industry will change in the next decade. Merge will drive crypto payment adoption and new use cases as transaction fees are below $0.05 due to increased scaling and efficiency.

Merge Revives Crypto Payments and Usability: Vitalik Buterin

Vitalik Buterin at the Korea Blockchain Week 2022 conference on August 8 Claim The merge will revive crypto payments and other uses of blockchain and crypto that have been suppressed since 2018. The next decade will transform Ethereum and the crypto space.

Merge’s move from PoW to PoS consensus will significantly reduce transactional gas fees.Further scaling with layer 2 Zk rollup and blockchain compression with Verkle tree below Surge Phase and Barge Phase The future will bring crypto payments and other use cases.

With scaling technology, it is really possible to try to make cryptocurrency payments mainstream again. It may go down.”

Vitalik Buterin sees many cryptographic applications as promising in theory, but not practically possible today. However, Merge may make these applications possible.

Additionally, the team also plans to protect Ethereum from quantum computing attacks in the future, as Ethereum developers are considering upgrading Surge, Verge, Purge, and Splurge.

Additionally, Vitalik Buterin confirmed that: Ethereum miners migrating to Ethereum Classic It is unlikely to affect Merge. It will take at least 6-8 months after the merger. Price in from Ethereum (ETH)from a market and psychological perspective due to the cleanup phase.

Ethereum (ETH) Price Rise Ahead of Key Event

Ethereum (ETH) price surged due to community optimism about the merge. Despite enjoying upward momentum, Market rally looks short-lived This is due to the rising bear market.

Over the past 24 hours, the ETH price has increased by more than 3% and is currently trading at $1734, well above the $1500 psychological level.

Community reaction to the post-merge Ethereum price has been mixed.

Varinder is a technical writer and editor, tech enthusiast, and analytical thinker. Fascinated by disruptive technologies, he has shared his knowledge on blockchain, cryptocurrencies, artificial intelligence and the Internet of Things. He has been in the blockchain and cryptocurrency industry for quite some time and currently covers all the latest updates and developments in the crypto industry.

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