Crypto world awaits Ethereum's Merge for more efficiency & use cases

economictimes.indiatimes.com:

Ethereum is at the centre stage of the crypto community as it is scheduled to undergo a major upgrade to its protocol from proof-of-work (PoW) to proof-of-stake (PoS), next month. The upgrade will move it towards a more efficient mechanism and bring significant changes to the Ethereum network and potentially change the investment outlook for the blockchain. With The Merge, Ethereum will move towards a more sustainable, eco-friendly blockchain closer to its original vision, making it more energy efficient and faster, said Edul Patel, CEO and co-founder, Mudrex. «The Merge will complete Ethereum's transition to PoS, making it extremely energy efficient and convenient to make payments. That will only aid Ethereum's massive use cases, ultimately driving demand higher for the ETH token,» he added.

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Arijit Mukherjee, Founder, Yunometa said The Merge is of huge importance for the industry as the second most popular crypto asset is slated to be more efficient in every way imaginable with its carbon footprint about to go down significantly. After Bitcoin, Ethereum is the decentralized blockchain powered by its native currency, ether (ETH). It is the second largest crypto asset, with a market capitalization close to $220 billion. Ethereum is responsible for the creation of smart contracts, which power many of the important crypto initiatives, such as decentralized finance (DeFi), decentralized apps (dapps) and non-fungible tokens (NFT). With the