The date for the Ethereum Merge is quickly approaching. If all goes according to the plan laid out by ETH devs, the merge will take place on September 19th.
While many are bullish on the Merge, some experts are beginning to fear whether it would lead to a civil war in Ethereum. Kevin Zhou of Galois Capital revealed on Laura Shin’s Unchained Podcast that he expects at least three hard forks of Ethereum post-merge.
Jack Niewold, the founder of Crypto Pragmatist, revealed that a potential frog could be a major issue for stablecoin issues like USDT’s Tether or USDC’s Circle.
What Is The Ethereum Merge
Ethereum, the second largest cryptocurrency by market cap, used Proof of Work as its consensus mechanism. However, due to the system’s energy consumption, it decided to change the consensus mechanism from Proof of Work to Proof of Stake.
The move is said to reduce Ethereum’s energy consumption by more than 99%. The Merge eliminates the miners used in the earlier systems and replaces them with validators.
