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Ethereum Merge to Boost Unparalleled Institutional Adoption

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VOC, Voice of Crypto, ETH

The Ethereum blockchain recently had its Merge, which could more or less be termed a success.

Ether already has a substantial market and liquidity shares, and expectations around the blockchain are skyrocketing.

ETH is extremely likely to emerge as a high flier and outdo every other blockchain currency in terms of scalability, evolution, etc.

How Did This Merge Take Place

The Merge was a part of a carefully structured five-step plan to push Ethereum forward towards the world.

The idea is to push for decentralization and turn Ethereum into the world’s most expensive supercomputer network. In any case, one can think of the merger as a way to improve and fix what was wrong in the blockchain.

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In fact, as a part of this five-step plan to give the ETH a new lease of life, there has been a switch from the proof-of-work (PoW) to a proof-of-stake (PoS) consensus mechanism.

Block number #15537394 was the first to receive validation under this system. The validator’s participation was beyond satisfactory.

The chain also reached a point of finality within mere minutes of the transition to a PoS system. 

Ethereum to Reach New Heights  

With Ether running ahead of all its competitors in the race, the Merge might have effectively facilitated ETH’s greater institutional adoption.

After this development, there is a possibility that GPU mining will be rendered entirely redundant, with the rampant use of Ethereum solidifying in areas like the gaming industry.

This means a lot for investors because Ethereum token emissions have now been reduced by about 90% with the Merge.

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 Ethereum will be taking a mature stance and bringing down the energy use by an outstanding 99%

“Digital Scarcity” Becomes Inevitable

With the Merge, a makeover to the economic model is set to bring about several changes in how the blockchain has worked up until now.

Now, something called “negative token emissions” is a thing that will essentially impose a ceiling limit on the tokens available.

This means that even at a point of high demand, the supply of Ether is fixed in the market. A ceiling on the total ether supply will mean that digital scarcity of the tokens will be inevitable. 

 

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A post-graduate is Sociology, Sreerupa's interest primarily lies in researching on the global market trends of production and consumption.

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