Lens1000
VIP Contributor
The widely anticipated and long awaited Merge update, which will see Ethereum switch from a proof-of-work (PoW) network consensus to a cutting -edge proof-of-stake (PoS) one, will be crucial for its tokenomical structure. This will make Ethereum (ETH) to be become a deflationary cryptocurrency just like the properties possessed by the bitcoin, the Pioneer cryptocurrency with negative inflation following the activation of the Merge. The value of ETH will be definitely be enhanced by this indicator because it will create a network activity increase. Since it is the Web3's most widely used smart contract platform, Ethereum (ETH), will continue to maintain its fit as the the most popular, this is the first time a major upgrade of this has been enabled: This is why it's so wonderful that ETH is finally implementing this improvement. Due to the fact that ETH activities surpassed the other cryptocurrencies in the crypto market. This design is being used under load for the first time. According to an analyst, the activation of the Ethereum (ETH) Merge is equivalent to Bitcoin (BTC) in terms of economic impact. What else changes with Merge in terms of democracy, eco-friendliness, cyber resilience, and censorship resistance? Along with improved tokenomics, the Merge upgrade will increase the second blockchain's attack resistance. To attack the blockchain will be more difficult for the cyber criminals.
