What Will Be The Faith Of Bitcoin After The Merge
First of all ,the merge will have bitcoin’s technology looking so old, because the bitcoin technology will still be caught in the proof of work technology which is extremely energy intensive. So the question is, how will it make bitcoin look? You know what the Ethereum merger is? It’s the transitioning of the Ethereum Blockchain from the proof of work mechanism to the proof of stake mechanism. Proof of work is extremely energy intensive because, it involves the running of the mining machines with electricity to mine bitcoin. While proof of stake is not energy intensive as a matter of fact its expected to be 99% more energy efficient than proof of work. This is where Ethereum is expected to be at in less than 2 weeks.
One of the ways that bitcoin stays being secured and ahead of other blockchains’ security is due to its proof of work mechanism, but what will happen when it stops mining bitcoin in the future through the proof of work mechanism? that is almost a 100 years away from now, this time there will be almost no need to be running the node to mine bitcoin, but what is going to be the future of its security? The king of crypto might just start feeling left out if people start focusing more attention on Ethereum.
Is Ethereum expected to be faster this time, if its faster then expect more demand and more use case of Ethereum, the fees has been clarified to be the same so people will have to adapt as well.Bitcoin is mostly used as a means of store of value, its technology is not as complex as other blochains like the Ethereum Blockchain, other projects get built on the ethereum blockchain, we can see that with NFTs and dapps, haven’t seen same with the bitcoin blockchain. I think the only product off the bitcoin blockchain is Bitcoin Cash.
Lots of political issues have affected the bitcoin price so as the crypto mining crack down that occurred in 2021. This makes me wonder, for how long will the price of bitcoin affect other coins. It can be really frustrating when making crypto investment, because you have to consider the influence of bitcoin on other coins before trading. Just so you can expect a price decline incase the price of bitcoin dumps. All these are just speculations, bitcoin has tested the test of time and has stood its test.
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There isn’t much coherence in your article . Is bitcoin merging with ethereum
Bitcoin isn’t merging and can’t merge with Ethereum, Ethereum has been expected to surpass bitcoin in market cap value. The merge might just get Ethereum at the top or not. In this post I have highlighted the advantages of the Ethereum merge and some of the issues bitcoin has had and is currently having and it’s disadvantage can lead to Ethereum over taking it.
The Ethereum merge is about the Ethereum blockchain merging with the Baecon mainnet to provide a proof of stake mechanism. I have written posts about it so many times before. May be that is the confusion you having understanding the post. The merge has nothing to do with bitcoin and Ethereum merging together.
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