Advantages of The Merge Ethereum, Faster!

Contract renewal TheMerges Ethereum (ETH) was implemented on September 15, 2022. This decision is considered to be able to expand the use of technology and stabilize ETH prices.

After the merger, it is likely that the network will have a shift in favor of ETH holders, changing to a proof-of-stake (PoS) system. These are the changes or differences that Ethereum will bring after the Merger. 

Benefits of The Merge Ethereum 2022

If you don't know what the difference between ETH before and The Merge Ethereum is now, you can read the interesting review below.

There is a Staking Feature

When moving from proof of work (PoW) to proof of stake (PoS), Ethereum will rely on sponsors to verify transactions. ETH holders can fund the network with their assets. Then, in return, they will receive results staking.

Sharding

One of the most important improvements expected after The Merge Ethereum is the introduction of sharding. This allows the Ethereum blockchain network to upgrade the network without the need for miners or miners.

By working together on 2 levels to increase the number of transactions per minute in ETH. Because the sharding process no longer requires supporting machines that work like nodes on Ethereum.

As a result, sharding can reduce gas fees for transactions made on layer 2 networks, but this will likely be judged by Ethereum's layer 1 mainnet situation. 

Proof of Stakes (PoS) Network Security

The move to proof-of-stake (PoS) is not universally supported by the Ethereum community, due to the disclosure of several security concerns, including the possibility that backers were notified in advance about supported blocks, which allowed them to change prices. double as follower.

Network Transaction Speed 

Although the speed increase appears in the range of 10 percent or 1 second in block production, it's not significant.

However, the Ethereum development team believes that PoS changes will depend on the applications using the blockchain and not on the chain itself. Also, the speed will be fixed in the next update. 

Also read: VCGamers Supports PUBG Mobile and MLBB Competitions at ‘Ethnic Fest’

Ethereum Will Experiencing Deflation 

Since the Ethereum Improvement Plan (EIP) 1559 launched in August 2021, experts believe that Ethereum may be facing deflation.

At that time, it was introduced that most of the tokens were destroyed instead of being distributed to the miners. Also, if later, with the new ETH reduction and Proof of Stake (PoS), it decreases, a price explosion may occur.

Also read: What Crypto Means: Explanation, How It Works, and History!

Those are some of the advantages of The Merge Ethereum that you need to know. Even more so if you are an investor of this large coin.