Ethereum Merge Success

[Xal0lex]

Ethereum Merge Is Done and considered successful, Do you think Ethereum has the solution Bitcoin needs and is this proof of ETH Next Of BTC after normal market?

I don't think so. Centralization is not good for crypto projects, making them more manipulated and controlled by large organizations. Right now more than 50% of ETH is controlled by just a few organizations like LIDO, Binance, etc. PoS is less secure in terms of various vulnerabilities. What did ETH achieve after the merger? It became centralized, SEC wants to make ETH a security, which means it will be subject to relevant laws and regulation.

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[eaLiTy]

Ethereum Merge Is Done and considered successful, Do you think Ethereum has the solution Bitcoin needs and is this proof of ETH Next Of BTC after normal market?

I am not sure what you are trying to convey here, is the merge a novel solution for something ? It has become more centralized with the transition to proof of staking. I am not sure what are the negative aspects you see with BTCitcoin where the transaction fees are really low for a very long time and if changing the consensus algorithm is the topic you are pushing forward, then never ever will there be a scenario that it will move to POS.

[serjent05]

Ethereum Merge Is Done and considered successful, Do you think Ethereum has the solution Bitcoin needs and is this proof of ETH Next Of BTC after normal market?

Nope, I do not think ETH has the solution Bitcoin needs.  If I am not mistaken, ETH has way more problems than BTC.  You can see how many times ETH dapps had been hacked or exploited.  Aside from that if ETH has already the solution, it doesn't need to undergo more updates in the future just to solve its scalability.  Besides, Bitcoin, after the recorded exploit way back in its early years had never been exploited again due to the solid security of POW and its algorithm.

[Johnyz]

Ethereum Merge Is Done and considered successful, Do you think Ethereum has the solution Bitcoin needs and is this proof of ETH Next Of BTC after normal market?

Bitcoin will remain on that network, not unless Satoshi came back and make necessary adjustments but I think, the PoW will still be the main option for Bitcoin and miners have to deal with it. Though the success for ETH merge can bring good ideas to other projects as well, it will still depend if its compatible to their project. There’s still a lot of update coming for ETH, let’s see if everything works well for them and probably, the price will slowly pump and maybe hit the peak once they do all those updates.

[BitDane]

Ethereum Merge Is Done and considered successful, Do you think Ethereum has the solution Bitcoin needs and is this proof of ETH Next Of BTC after normal market?

Bitcoin will remain on that network, not unless Satoshi came back and make necessary adjustments but I think, the PoW will still be the main option for Bitcoin and miners have to deal with it. Though the success for ETH merge can bring good ideas to other projects as well, it will still depend if its compatible to their project. There’s still a lot of update coming for ETH, let’s see if everything works well for them and probably, the price will slowly pump and maybe hit the peak once they do all those updates.

Bitcoin strength is on POW so I doubt Bitcoin will transition to POS.  It will also affect many miners if Bitcoin decided to change to POS.  There are some theory that if ever Bitcoin shifted to POS, the price would be greatly affected because the generation cost is cheaper, people will then don't mind selling their Bitcoin for cheaper price, thus, making the price of bitcoin to plummet.  This theory can be applied to ETH so we just need to wait to see things unfold.

[Jating]

Ethereum Merge Is Done and considered successful, Do you think Ethereum has the solution Bitcoin needs and is this proof of ETH Next Of BTC after normal market?

I don't think so, Bitcoin is the prime mover and it will take a lot to change it's algorithm, not saying that everything is written in stone, but in the last 10 years, there have been discussions about it but there are a lot of disagreements, so there is no consensus so I doubt that it will be implement. Although many have been attacking bitcoin on POW, it's harmful effects on the environment, nevertheless that's our strength and that is why it is on the top of cryptocurrencies.

And for Ethereum, we will see how the solution is, for sure there are many changes, but it become so centralized now and so this might backfired for them in the future, I reckon.

[Baofeng]

Ethereum Merge Is Done and considered successful, Do you think Ethereum has the solution Bitcoin needs and is this proof of ETH Next Of BTC after normal market?

How can you say that the Ethereum Merge is already successful? Yes, the transition was smooth but there's no way that we say it was successful in terms of what?

Besides, Ethereum has a head in Vitalik, that's why they can make their decision right away to move from one algo to another.

Bitcoin is more secure because of POW, you can't even hack or do a 51% attack on it. The only time that we might see some upgrade on bitcoin is that if Elliptic Curve Digital Signature Algorithm or ECDSA has been broken by Quantum computers.

[evichi]

The merge have moved Ethereum from a proof-of-work consensus mechanism to proof of stake, thereby significantly reducing its environmental impact. However, the security of Ethereum has been compromised and people are not talking much about the security aspect. Those who understand this knows that something big have also happened to Ethereum in terms of security, but Vitalik has taken a decision which he must have weighed the options.

[vv181]

the Protocol has been designed to be able to process a large number of transactions efficiently over time. Merger does not replace all transactions that occurred. Merge has its own purpose, it aims to save space in blocks and allow more data to be added, but remains a decentralized system.

The change of protocol, The Merge, in this case, is just a change in the consensus. It does not significantly reflect the scalability of the network. So, it has nothing to do with saving space in a block or transactions being done in an efficient manner. It has no direct effect.

The cornerstone is The Merge is an essential step toward the further upgrades of Ethereum, in which, it is required to make a scalability improvement to be possible(Sharding). Lastly, the decentralized claim is debatable, does it even decentralized in the first place?

[mbakruroh]

Ethereum Merge Is Done and considered successful, Do you think Ethereum has the solution Bitcoin needs and is this proof of ETH Next Of BTC after normal market?

After Ethereum's change to PoS and Merge Ethereum, it seems that Ethereum is not getting any better. This has a huge impact on Ethereum miners because Ethereum is mined with dedicated GPUs. Apart from that Ethereum miners also cannot switch to Bitcoin mining using ASICs. Vitalik Buterin suggested ETC as an alternative, calling it a "good blockchain" for current ETH miners. From what was conveyed, of course there is a bottleneck for Ethereum miners at the moment. But we hope, Vitalik can give the best after the change from PoW to PoS.

[Mpamaegbu]

I'm even looking way beyond the Ethereum merge and into what impact it's going to have on ETH based launchpads. I think there's going to be a reflection of such in price in days to come. Talking about this merge and what becomes the fate of Bitcoin in relation to its price side by side Ethereum, I'm one of those who believe that if ETH had the same love thrown at Bitcoin it would've long surpassed Bitcoin even before this merge. Through the ETH smart contract, new projects have continued to come into the crypto industry and that's growing the industry.

[bitcoin-shark]

bitcoin and ethereum are and will remain two different things bitcoin was the first altcoin and will always remain pow, yes the merge of eth was a success but this led to a greater centralization the 40% of the stake is in the hands of only two addresses that will make the good and the bad weather

[Piesel]

Ethereum Merge Is Done and considered successful, Do you think Ethereum has the solution Bitcoin needs and is this proof of ETH Next To BTC after a normal market?

What problem do you think Bitcoin has that ethereum will solve, this merge is just between the ethereum network to another network that will help their proof of stake con censorship and this has nothing to do with Bitcoin and its proof of work algorithm that is one of the main characteristics of Bitcoin.

Let's not shift our focus too quickly and begin to undermine Bitcoin network capability to solve whatever network problems you think Bitcoin may have.

[posi]

Ethereum Merge Is Done and considered successful, Do you think Ethereum has the solution Bitcoin needs and is this proof of ETH Next Of BTC after normal market?

After Ethereum's change to PoS and Merge Ethereum, it seems that Ethereum is not getting any better. This has a huge impact on Ethereum miners because Ethereum is mined with dedicated GPUs. Apart from that Ethereum miners also cannot switch to Bitcoin mining using ASICs. Vitalik Buterin suggested ETC as an alternative, calling it a "good blockchain" for current ETH miners. From what was conveyed, of course there is a bottleneck for Ethereum miners at the moment. But we hope, Vitalik can give the best after the change from PoW to PoS.

Is ETH not getting better? Do you expect ETH price to increase after consolidation? and it didn't go up in price as expected and you said it didn't get any better. ETH has reduced energy consumption by up to 99% and the ongoing daily ETH burn helps ETH deflate. All of this happened only after the merger, which could see ETH moving better and if you do transactions with ETH these days, you can see that its gas fees have also decreased somewhat although this merger does not guarantee that gas fees will be resolved.

The move of ETH to POS was planned a few years ago and I think the miners know this, if they are smart, they have been planning their own ever since. Currently, we still have a lot of POW coins like ETC, RVN ... miners can switch to mining them.

[GeorgeJohn]

not sure if ethereum can cover the shortcomings of bitcoin because the merge is only completed in a few days. we will know the results after a few months or years maybe, if this goes well, bitcoin as a POW mining will lose competitiveness with ethereum POS. I think the purpose of ethereum is to compete with bitcoin by merging them.

The purpose of any coin is to compete with bitcoin, let us not be emphasising on one side and base directly to all the coins, Bitcoin are the first to be projected but what I'm seeing is that other coins is trying to rise against bitcoin productivity, but whatever Ethereum productivity, it can't make well than bitcoin.

[batang_bitcoin]

Of course the merge process is according to plan and many congratulations from the top influencers to the Ethereum owner, Mr. Vitalik,

It took long before it happened but at last, it happened. Many liked the idea of POS ETH and many don't like it especially the miners.

I hope this can have a big impact on the market so that Ethereum becomes king by defeating Bitcoin.

Please stop thinking that just because ETH is now POS, it'll be able to dethrone bitcoin. No, no way that it can and it will. POW is even more desirable rather than in POS because in Pow, the network is more secured than this centralized network of POW.

[Mpamaegbu]

Please stop thinking that just because ETH is now POS, it'll be able to dethrone bitcoin. No, no way that it can and it will. POW is even more desirable rather than in POS because in Pow, the network is more secured than this centralized network of POW.

Let's tell ourselves the truth. What utility does Bitcoin bring to the table that ETH doesn't? Ethereum, by what it offers, is way underpriced at the moment to be honest with you. It has added great value to this industry more than any other crypto and that's a major reason it's in tough competition with Bitcoin on the list as second. With this merge I won't be surprised if it flipped Bitcoin in market cap a few months from now. Let's see how things pan out going forward.

[Minecache]

Ethereum Merge Is Done and considered successful, Do you think Ethereum has the solution Bitcoin needs and is this proof of ETH Next Of BTC after normal market?

Bitcoin will remain on that network, not unless Satoshi came back and make necessary adjustments but I think, the PoW will still be the main option for Bitcoin and miners have to deal with it. Though the success for ETH merge can bring good ideas to other projects as well, it will still depend if its compatible to their project. There’s still a lot of update coming for ETH, let’s see if everything works well for them and probably, the price will slowly pump and maybe hit the peak once they do all those updates.

Bitcoin strength is on POW so I doubt Bitcoin will transition to POS.  It will also affect many miners if Bitcoin decided to change to POS.  There are some theory that if ever Bitcoin shifted to POS, the price would be greatly affected because the generation cost is cheaper, people will then don't mind selling their Bitcoin for cheaper price, thus, making the price of bitcoin to plummet.  This theory can be applied to ETH so we just need to wait to see things unfold.

If bitcoin moves to POS then I would say it is the failure of the crypto industry and no longer the future of the world. Bitcoin was created with the purpose of making us our own bank without the need for a 3rd party like a bank to intervene, decentralization is the core point of creating the reputation of bitcoin today.
If it loses its decentralized nature, it is a failure of the bitcoin revolution. Unlike ethereum, I don't think anyone would agree with the above hypothesis even with a passing thought.

[ololajulo]

bitcoin and ethereum are and will remain two different things bitcoin was the first altcoin and will always remain pow, yes the merge of eth was a success but this led to a greater centralization the 40% of the stake is in the hands of only two addresses that will make the good and the bad weather

Bitcoin was the first coin and never part of altcoins (i.e alternative coin to bitcoin). 4 big exchanges (Lido, Kraken, coinbase and binance) make over 60% of the staked ethereum, they are the top exchanges in the space and I believe they wont be careless enough to just un-stake and sell anyhow. At the moment less than 14% ethereum is staked, so we got a lot in circulation. So staking the coin does not make it as centralized as u put it

[tvplus006]

The merge have moved Ethereum from a proof-of-work consensus mechanism to proof of stake, thereby significantly reducing its environmental impact. However, the security of Ethereum has been compromised and people are not talking much about the security aspect. Those who understand this knows that something big have also happened to Ethereum in terms of security, but Vitalik has taken a decision which he must have weighed the options.

Without the transition of Ethereum to POS, it is impossible to increase the speed of transactions on the network, and consequently reduce commissions. This sharding technology will be implemented in 2023 after the next update and will increase the scaling of the blockchain.