With the “merge” underway, what’s in store for Ethereum?

economictimes.indiatimes.com:

Ethereum's much-awaited software upgrade, termed as 'the merge' is merely a few hours away from completion. The biggest fear looming over the crypto community is — what if the process fails? Ethereum is slated to change its mechanism to proof-of-stake (PoS) from existing proof-of-work (PoW). Analysts believe that Ethereum's merge can fail, but there are very faint chances of this happening, akin to negligible but one cannot say that the merge will be 100 per cent success. The upgrade is crucial as it reduces Ethereum’s energy consumption by over 99 per cent. The final stage of the upgrade and shift to the PoS mechanism began on 6th September on the mainnet, closely evaluated by the developers.

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Hundreds of billion dollars tied to this ecosystem will fall under some uncertainty if there is any issue in this process, but experts see miniscule chances of the failure in upgrade and hope things will pan out smoothly. Edul Patel, CEO and co-founder, Mudrex, said the nodes appear to be stable and the merge will continue to happen till there is stability. The testnet had already transitioned smoothly. There is an almost negligible chance for failure. «The merge has been preceded by rigorous planning and extensive test runs leading into the event. It is, therefore, highly unlikely that major issues may arise in the event» said Vikram Subburaj, CEO, Giottus Crypto Platform, who anticipates a smooth process. Ethereum’s transition from proof-of-work to proof-of-stake will mark the first experiment of its kind. Success of the merge will represent a massive