Ethereum update will lead to more interest in cryptocurrencies

The popular Ethereum coin is now in its final stages for preparations to switch from a Proof of Work consensus mechanism to a Proof of Stake, which is expected to have a major impact on the future of this coin. That this merger has many amazing advantages for the Ethereum currency, which forms the backbone of the famous blockchain technology

According to a report from Chinese Analysis, one of these benefits is that the merger could lead to a renewed interest in contributing and investing in its Ethereum business. This is based on the fact that yttrium bets are already very popular. More than $30 billion worth of Ether is already stored in the second issue of the coin, making it larger than the blockchain in terms of stack volume even before moving to the Proof of Stake mechanism.

When the Proof of Stake mechanism is fully introduced, it is expected that investing in Ether will become more attractive today as users across the entire eco-system become more comfortable leaving the Proof of Work mechanism as the technology to be adopted is significantly more environmentally friendly.

In addition, the expected upgrades after the completion of the merger will enable the owners of the initial investments in Ethereum to gain profits by 10 to 15%, which means injecting more liquidity into the market

It is also expected that these possibilities, in particular reducing the impact of climate and the expected return on investment from the bet.

Posted using Tribaldex Blog