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Podcast

Ethereum: What Has Happened Since the Merge?

·¡³Ù³ó±ð°ù±ð³Ü³¾Ìý to greener blockchain operations, a transition thought to be crucial to allowing the market to scale. With a month having passed since the merge, Ben Hoster checks in with Jaymin Kim on what has impacted Ethereum specifically and the market more broadly since the change.

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On how Ethereum works after the merge:

Post merge, Ethereum now runs on a . … Validators compete in a lottery-based system to add new blocks. This means that validators are more likely to be chosen to add a new block depending on the amount of ether [the cryptocurrency native to the Ethereum blockchain] that they’ve staked.

On the next big milestone:

What the merge did do, was lay the foundation for future upgrades. The next big milestone that’s in the works is … which plans to make significant scalability improvements to Ethereum. … With the merge, the Ethereum vision will be approximately 55% complete. 

On what’s happened since the merge:

Many people didn’t foresee that the Securities and Exchange Commission Chair Gary Gensler would announce hours after the merge that proof-of-stake cryptocurrencies could be seen as investment contracts that subject them to securities regulations. … Investors are waiting to see if ether will be named as a security that becomes subject to SEC regulations.Â