The long-awaited Ethereum merge is right around the corner, in fact, it is just 12 days away from today, emotions and expectations are high like never before a lot of people were expecting the Ethereum merge to fix the high gas fee issues but it would not be doing that as reported by a lot of news sites and blogs. The Ethereum merge is an upgrade that is supposed to improve the Ethereum blockchain, in fact here is a little definition below to refresh our memory on what the Ethereum merge is so most of us will stop getting things all wrong.

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Definition of the Ethereum Merge

The “Merge” is intended to shift the Ethereum blockchain from the current proof-of-work (PoW) consensus mechanism to a proof-of-stake (PoS) model intended to be faster and more energy efficient. But adjusting the second-largest blockchain from one system to another is an incredibly complex, multi-step process. It’s important that each decision be assessed thoroughly. We’ll take you through the reasons and various stages leading to the protocol’s new chapter.

The Ethereum merge has been one of the most talked about crypto topics lately and since they fixed the date of the merge to be on the 25th of this month, the Ethereum founder Vitalik Buterin recent said that in the future, crypto will only be as volatile as gold or the stock market and also he and the Ethereum foundation is not taking any chance or leaving anything about the merge to faith, as they have put out a bug bounty to pay up to 1 million dollars to anyone who discovers a critical bug issue that can affect the merge and the Ethereum blockchain but there is a time limit which is between August 24th to September 6th, so the deadline is just 3 days away.

Would The Ethereum Merge Cause A Dump Or Pump?

Honestly, I hope the Ethereum merge goes smoothly as they have planned and as many people hope it would because if it doesn't and turn out to be a flop the negative sentiment it is going bring to itself and the crypto market is going to be huge and that could cause a dump or more dip to its price and the crypto market. But if the Ethereum merge is successful it will definitely cause a huge pump, so as I have said earlier I hope it goes smoothly.

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