The Ethereum Merge How It Will Possibly Affect You?

The anticipated upgrade is around is couple of days away, the first ever of it’s kind in the likes of smart contract. These upgrade will not in anyway affect the Gas fee or the time it will take for a transaction to be validated. Well there are quite a few number of definitions as regards what a merge is, but I think is definition is straightforward and to the point.

“The Merge” signifies the merging of the Ethereum mainnet execution client with the Beacon Chain Proof-of Stake consensus client. We totally understand that the merge is a overhaul of the etherum smart contract mechanism to a proof of stake(POS) form Proof of Work (POW), which will give the ecosystem a better security and more incentives which practically your assets paying you for just holding them in your wallet.

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POW from what I understand it’s very tasking and requires a lot of processing power in directly affects energy because you need energy to power these machines that will be doing the validation, but POS is here to change that scenario which with 32ETH as leverage you can participate in the process but there is a clause “that if the validator misbehaves or participants misbehaves the staked assets can be destroyed.

This network upgrade is geared to solve three major issues which the network is currently facing which are; the security in decentralized network, it should also enable scalability throughout shafting period and the one we all are most concerned about is the amount of energy that is being used.

If you seen this post on a Web2 ecosystem and you have no clue about what Leofinance is here is a brief definition;

LeoFinance is a blockchain-based Web3 community that builds innovative applications on the Hive, BSC, ETH and Polygon blockchains. Our flagship application: LeoFinance.io allows users and creators to engage and share content on the blockchain while earning cryptocurrency rewards.
Over here we refer to users as lions, so are you ready to be a lion here is my referral link

Also don’t forget in contributing to the pHBD-USDC pool, and from statistics it looks like we will be able to archive the set target in a few months, let’s do our own part in growing the pHBD-USDC liquidity and also take out time to participate in the Leo power up challenge which happens every 15th of each month.

Let’s also connect on some of the web2 platform.
Twitter:Hironakamura

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