What is Eth 2.0? What is the Ethereum merge? And what does that mean for crypto?
Because if the Ethereum merge is a success that could make Ethereum very deflationary. Which means, price goes up. And if the Ethereum merge is a disaster, we could have another crypto crash.
So that’s why we’re going to prepare ourselves with KNOWLEDGE but not with financial advice. Cause I’m just a guy on the internet explaining things with some of my own opinions.
What is Ethereum 2.0? Much like Bitcoin, Ethereum is powered by miners that run computers to process transactions. This is called Proof-of-work. But, the drawback of Proof-of-work is that you have to use a lot of electricity and high end computer components.
And let’s say you were a crypto miner, you have a very expensive electric bill, so of course you have to sell some ETH to pay the bills. This creates a consistent sell pressure from the miners. So the sum up, Proof of work is not environmentally friendly, very expensive for regular people to participate and there’s constant “sell pressure” on the coin. The Ethereum team is consistently building and ETH 2.0 is the most significant change in their recent history because they are transitioning from Proof-of-work to Proof-of-stake.
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Timestamps:
00:00 What is the ETH Merge?
00:43 What is ETH 2.0?
02:12 Where are the ETH miners going?
03:10 Is the ETH merge safe?
03:47 Kyber Network
04:27 What is actually happening with the ETH Merge?
04:59 Is Ethereum Deflationary?
07:03 When is the ETH Merge?
07:34 Get paid to find bugs on Ethereum
07:49 Will ETH2 be faster and cheaper?
08:09 Where to stake Ethereum 2.0?
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Nothing in this video is financial advice. Please do enough research to form your own opinion.
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Stake ETH on Emp Money, fixed 19% for 90 days staking. Their staking window is opening in a couple of days and then will lock for 90 days. First out of 4 stake is just finishing
Fire content, per usual! 📈📈🚀🚀
Solana Binance are CEX AND BNB isnt a trustworty chain, Sooo naw they can pump volume all they want,,, zksync evm will be the rollup to watch matic is diluted
you are the best
oh boy this is gonna be a shit show 😀
Hello Dan, I read that people think miners try to hard fork the old chain, so they can maximize profits. So that there will be an old ETHPOW Chain and the new ETHPOS Chain. Do you think that is possible or this will be defined as a desaster? The same people also said following this there will be twice the amount of USDC and USDT because the chains have been forked.
Very challenging indeed. If ETH does not succeed I'm expecting EGLD to take its place. Thanks for the video 👍
Can you help me with some cryptocurrency issue? Are you for hire? Private session?
Amazing, Since I began trading with Sophia .. Johhny I have made large profits and my total investment portfolio has grown tremendously, I am eternally grateful
Will Eth become a better store of value than Bitcoin
Bro thanx for the valuable info. Please do a deep dive on Cult Dao as many are saying it's the next Shiba. Amazing project! Read the manifesto and tokenomics and see how special this project is.
I have an invitation to cooperate, how can I contact you
Can't wait for the Merge to happen
How will the merge affect layer2 such as arbitrum and optimism .? Thx
Cardano is the best coin to own. It's pos from the start.
I imagine this will crash before it rises. Alot of rumors on the stock market crashing as well. There could be life changing money in the stock & crypto markets in near future 🚀
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INJ Injective Chain