Did you know that Ethereum is planning a major change in its infrastructure? This change has the potential to change the way you use and benefit from ETH forever.
After all these years of being one of the most popular cryptocurrencies, Ethereum is finally transitioning to a system which is more environmentally friendly. The planned update is being called Ethereum 2.0. However, it has now been rephrased to Ethereum Merge.
Although this update has been postponed a few times, it is now expected to arrive sooner than you might think. They have already tested the merge and found it successful. It is now only a matter of months before ETH is actually merged and the update is completed.
Ethereum Merge And Your Investment
According to the expert opinion, this update can affect the cryprocurrency’s growth, especially after other crypto projects have already bitten into its popularity and market share.
However, the update itself is expected to bring lots of positive changes to the Ethereum network, and is expected to boost the price of the famous cryptocurrency. The main reason for the expected positive response is better processing and security after the merge. Just because Ethereum will be transitioning to the proof of stake system, it will decrease the energy consumption by the Ethereum system by up to 98%. This will create lots of investing opportunities for new investors.
What Do You Need to Do?
If you have been worried about your investment, you should be informed that there is nothing to do for you as an investor. While you can easily participate in the testing process, it will not affect your cryptocurrency, holding in any way. As an investor, you should only look at it as a software update. The update will bring lots of new features to Ethereum, and will probably give a boost to its popularity and price as well.