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ETH 2.0 : What Upgrades Are Next After the Merge?Hello guys thanks god for being live to create another post for you dears Today i will explaine what happen after Ethereum merge upgrade? and im going to summarize about each step. Ethereum Merged successfully on Sept15 but more upgrades are coming to the network. Shanghai update , The Surge, the Verge, the Purge, and Splurge are up next. Lets see what we have: Shanghai update Over the next six months the next important update to the Ethereum network is going to be the Shangai upgrade. This particular update will allow validators (the ETH owners who help secure the blockchain) to withdraw a portion of their staked ether and rewards. There are 14.7 million tokens locked on Ethereum’s Beacon Chain, in return for a 4.1% annual yield, according to the Ethereum Foundation website. Altogether, those tokens are currently worth $19.12 billion. Stakers are responsible for confirming and verifying transactions on the blockchain.Each validator is required to stake a minimum of 32 ETH. Shanghai will also seek to lower transaction costs on layer 2 (L2), a separate blockchain such as Optimism or Arbitrum, that helps Ethereum to scale, by reducing data costs on the main blockchain itself. The Surge While the Merge’s number one goal was to reduce Ethereum’s energy usage (which it did by up to 99.5%) the Surge, the next significant upgrade, is expected to bring a new feature called “sharding” in 2023. “Sharding splits a blockchain’s entire network into smaller partitions, known as ‘shards'”, said crypto analyst Miles Deutscher. “This will significantly increase the network’s scalability.” According to the Ethereum Foundation, “sharding” will boost network capacity, cut costs and improve transaction speeds. It “provides secure distribution of data storage requirements, enabling rollups to be even cheaper, and making nodes easier to operate,” it said. The Verge The Verge is an upgrade that is expected to drastically reduce Ethereum`s reliance on nodes as a store of history and data. It will introduce so-called “verkle trees“, “a powerful upgrade to Merkle proofs that allow for much smaller proof sizes,” Deutscher says. “This will optimise storage on Ethereum and help reduce node size. Ultimately, this assists Ethereum in becoming more scalable,” he added. Verkle trees will allow users to become network validators without having to store huge amounts of data on their computers, analysts say. Crypto security platform Nethermind said “verkle trees” are Bitcoin-inspired systems that will decrease the size of “witnesses by a factor of over 20, allowing for stateless clients that safely interact with the network.” According to Vitalik Buterin, the verge will be “great for decentralization,” he said at the Paris conference. The Purge The Purge is expected to significantly reduce the amount of space required to store ETH on a hard drive. This upgrade will eliminate the use of nodes in storing Ethereum history, freeing up space, a constant headache for developers. “The purge: trying to actually cut down the amount of space you have to have on your hard drive, trying to simplify the Ethereum protocol over time and not requiring nodes to store history,” said Buterin. Crypto education platform District 0x explained that “nodes are responsible for verifying the miners’ work and ensuring that consensus rules are followed.” The best way to do this is to keep a full copy of the Ethereum ledger, making it easy to verify a miner’s work. “But the Ethereum blockchain is approaching one terabyte of storage so it’s impractical for a regular person to run a node,” it stated. The Splurge The final scheduled upgrade is the Splurge. This carries what is described as miscellaneous but important extras, “ensuring the network runs smoothly following the previous four upgrades.” “The design of Ethereum post-Merge is billed to be handlings loads of data which generally calls for improved security across the board,” Eitan Lavi, the ChainPort cofounder, told Be In Crypto. “Through the evolution of Merkle and Verkle trees as well as another innovative tech that will be introduced with subsequent upgrades, the protocol will be able to support the anticipated data load.” So wait for more upgrades and ETH will be awsome after this steps... Thank you for reading this article. Share me your idea about Ethereum future in comments. REFRENCES www.fortune.com www.ethereum.org www.blocknative.com www.forbes.com www.blockonomi.com
CRYPTOCAP:ETHEducation
by TraderAmin-KZ
2
🔥Almost 1 month after the MERGE! WHY ETH DOESN'T PUMP?!Hi friends! Almost a month has passed since the Merge, and Ethereum still has not grown. What is the reason? What are my targets for Ethereum? ✅ As i mention in the last idea, the merge is like the Halving for BTC. A lot of retailers expect the HUGE pump with x10-100 profit. But in the real life it doesn't work. ✅ If a lot of people expect something, it has lower chance to happen. Take a look on BTC after the Halving. Usually BTC start to consolidate for 2-3 month or DUMP for 20-30% after this. The same happen now. It's force weak hodlers to sell their ETH and it's good for the future growth. ✅ My recommendation is to be prepared for strong price movements in the near future. 📊 Preconditions to open a long: 🔥 squeeze to the trendline 🔥 bullish BTC pull the altcoins to the new highs and it`s highly expected. At least local pump to $25-32k 🔥 whales orders to buy on DOM and Footprint scalping tools. They help me to identify the big g uys and open a trade with them 🚩 According to second scenario that shown on the chart, the volumes should grow if the liquidity collection will happen. Pay your attention to this scenario too. 📊 The targets for the long: 1. $1540-1650 - the closest value area 2. $2030 - the key level, vale 🔥 Usually, I recommend you to book at least 50% of profit but according to the fundamental expectations, you can hold this long trade a little bit longer. Especially, if BTC become local bull market. 💻Friends, press the "boost"🚀 button, write comments and share with your friends - it will be the best THANK YOU. P.S. Personally, I open an entry if the price shows it according to my strategy. Always do your analysis before making a trade
Education
by Yuriy_Bishko
7
📌✅ETH Big deal (POW>>POS)! +( Mine-able Alternative coins🚀 )We are on the verge of a BIG Merge, There are almost 3 days left until this important event for Ethereum! Ethereum is expected to transition to a proof-of-stake (PoS) mechanism and is considered one of the most significant upgrades in the history of the crypto market so far. -The Ethereum Merge could force many crypto miners to give up! DO they abandon their expensive mining rigs amid a race to the bottom for profits. Or it forces them to think of migrating to the current alternatives of proof of work of Ethereum! -If we visit the whattomine , we will see that some coins can be used as an alternative to Ethereum for mining. But we have to accept the fact that alternative coins are no longer as efficient as Ethereum for mining! -Although, considering their mine potential, most of them had a significant growth in the last few weeks And it may continue for some time. But let's consider this point "As GPU miners point their hardware at other chains their difficulty will increase causing lower returns and splitting the reward among more miners". -thus increasing mining difficulty will "swamp" these coins — and substantially reducing profitability and price in the long term! So although "There will always be GPUs mining some GPU optimized chains, but I doubt we will return to the levels of revenue seen in ETH proof-of-work at its peak ever again. >>>But with the research I have done, I think the following coins can be suitable options to replace Ethereum mining, and if some of them have grown a lot recently, we will probably see some of them grow more in the short or medium term! these are Most Profitable Coins to Mine! SO check them out : -Neoxa(NEOX) #1 #2https://www.tradingview.com/chart/ETCUSDT/HAQnQtvz-ETC-USDT-analysis/ #3 #4 #5 #6https://www.tradingview.com/chart/FIROUSDT/fWWrQhX5-FIRO-USDT-analysis/ This article is for informational proposes only . not a financial or legal advice !
Education
by PRO_SMART_Trader
Etherum 2.0 is COMING... More DetailsHello friends So finally we will ee ETH 2.0 as soon as posibble. I want to explain more details about MERGE upgrade and launch day. then have a look at some NEWS about ETH 2.0. lets see again whats Etherum 2.0 and MERGE upgrade? Ethereum will move from a proof-of-work consensus mechanism to a proof-of-stake blockchain known as MERGE Right now Ethereum uses the same consensus mechanism as Bitcoin known as proof of work. This requires miners to validate transactions and keep the network secure. It is slow, costly, and uses large amounts of energy by design. Proof of stake is different because it gets rid of miners altogether and uses validators (people who “stake”—or lock-up—Ethereum to keep the network secure and running). After the upgrade the only way to create new ETH will be to stake pre-existing ETH on the network which analysts expect could have a deflationary impact on the cryptocurrency. Moving to proof of stake will then make Ethereum “99% more energy efficient. Ethereum Merge expected between 10 and 20 September. Now lets check some HOT news about this happening: 22 August 2022: CME Group to launch Ethereum options prior to ETH 2.0 Merge 17 August 2022: Coinbase pausing ETH deposits during Merge is ‘not significant’ 12 August 2022: Ethereum Merge to take place 15/16 September after Goerli success I hope this upgrade be successful and after that Vitalik can go ahead SHARDING mechanism... More incredible things will be happpen... just BE patient... Share me your opinion about this article. are you like this type of atticles??? so let me know.. thanks
CRYPTOCAP:ETHEducation
by TraderAmin-KZ
4
ETH 2.0 Merge Upgrade Detailed and Release DataHello all traders and investors. according to go approch ETH 2.0 Merge upgrade Today i decide to explain more about that and tell you more about wahts going to happen. I try to explain as simple as possible Whithout killing time lets go... What is The Merge? The Merge represents the joining of the existing execution layer of Ethereum (the Mainnet we use today) with its new proof-of-stake consensus layer, the Beacon Chain. It eliminates the need for energy-intensive mining and instead secures the network using staked ETH. A truly exciting step in realizing the Ethereum vision – more scalability, security, and sustainability. It's important to remember that initially, the Beacon Chain shipped separately from Mainnet. Ethereum Mainnet - with all it's accounts, balances, smart contracts, and blockchain state - continues to be secured by proof-of-work, even while the Beacon Chain runs in parallel using proof-of-stake. The approaching Merge is when these two systems finally come together, and proof-of-work is replaced permanently by proof-of-stake. Merging with Mainnet Since genesis, proof-of-work has secured Mainnet. This is the Ethereum blockchain we're all used to—it contains every transaction, smart contract, and balance since it began in July 2015. Throughout Ethereum's history, developers have been hard at work preparing for an eventual transition away from proof-of-work to proof-of-stake. On December 1, 2020, the Beacon Chain was created, which has since existed as a separate blockchain to Mainnet, running in parallel. The Beacon Chain has not been processing Mainnet transactions. Instead, it has been reaching consensus on its own state by agreeing on active validators and their account balances. After extensive testing, the Beacon Chain's time to reach consensus on more is rapidly approaching. After The Merge, the Beacon Chain will be the consensus engine for all network data, including execution layer transactions and account balances. The Merge represents the official switch to using the Beacon Chain as the engine of block production. Mining will no longer be the means of producing valid blocks. Instead, the proof-of-stake validators assume this role and will be responsible for processing the validity of all transactions and proposing blocks. No history is lost. As Mainnet gets merged with the Beacon Chain, it will also merge the entire transactional history of Ethereum. You don't need to do anything. Your funds are safe. What do I need to do to get ready? You do not need to do anything to protect your funds entering The Merge. As a user or holder of ETH or any other digital asset on Ethereum, as well as non-node-operating stakers, you do not need to do anything with your funds or wallet before The Merge. Despite swapping out proof-of-work, the entire history of Ethereum since genesis remains intact and unaltered after the transition to proof-of-stake. Any funds held in your wallet before The Merge will still be accessible after The Merge. No action is required to upgrade on your part. Take away from scammers after the Merge: As we approach The Merge of Ethereum Mainnet, you should be on high alert for scams trying to take advantage of users during this transition. Do not send your ETH anywhere in an attempt to "upgrade to ETH2." There is no "ETH2" token, and there is nothing more you need to do for your funds to remain safe. Ethereum Merge Date The Ethereum merge date and transition to proof-of-stake is expected to take place on September 19, 2022. We have some Testnet examination before Merge. I list them for you below: - Goerli/Prater client releases 27th or 28th of July. - Announce 28th/29th. - Prater Bellatrix on the 8th of August - Goerli Merge on the 11th. - ACD 18th August plan mainnet Merge: - Bellatrix early september; Merge two weeks later (week of Sept 19th). and additionally i attached a Technical Analysis for ETH/USDT After we surpass 1700 Resistance , we reach 1800 now and we pass it too. now we are on road to strong 2000 resistance and after that 2400. According too incredible happenings for ETH 2.0 and the U.S. inflation record a peak i think we will see this levels in coming days. Additionally we see 3 strong candle patterns on 1800 breaked Resistance 1 - Marobuzu Candle 2 - Morning star pattern 3 - Bullish Engulfing Like i show on the chart. These patterns are showing a strong demand in this zone. Hope you enjoy this article. please share me your opinions in comments and i want for all of you a lot of profits. thanks for reading.
Education
by TraderAmin-KZ
5