Ethereum To Witness More “Painful” Days Ahead! Here’s What Analysts Are Saying

2024-05-12 01:30 51

The post Ethereum To Witness More “Painful” Days Ahead! Here’s What Analysts Are Saying appeared first on Coinpedia Fintech News

It has been 100 days since the ETH Merge! By turning off energy-intensive mining 100 days ago, the Ethereum network became a beneficial contributor to global health. 

The Merge combines the current execution layer with the just-deployed consensus layer (the Beacon Chain), creating a mainnet platform secured by proof-of-stake while preserving the current state of Ethereum.

Several advantages of ETH include, First of all, Ethereum enables more users to join the network. Secondly, Sharding is also made possible by the Merge. Third, Ethereum now has a better environmental impact.

Is ETH more resilient than BTC? 

In a recent tweet by @Ethprofit it displayed charts from the ETH network indicating the resilience of ETH in comparison to BTC. ETH is running at almost 100% capacity, with no validators dropping off. Additionally, it demonstrated how the BTC loses 30% of its security overnight because of being too “cold.” 

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