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The Crypto Mile: Episode 6 - Ethereum insider reveals consequences of 'the merge'

2022-08-03 384 Dailymotion

<p>On this week&#39;s show, our host Brian McGleenon is joined by Dankrad Feist, a core researcher at the Ethereum Foundation. This episode forecasts the disruptive impact of the coming Ethereum &#39;merge&#39; on the cryptocurrency ecosystem. We look at the impact on the price of Ethereum&#39;s native cryptocurrency, ether, which will become a deflationary token following the merge. The world&#39;s second-largest cryptocurrency by market cap will make a full transition from the high energy intensive &#39;proof of work&#39; method of validating transactions on the blockchain to a &#39;proof of stake&#39; way of validation, that will only use a fraction of the energy. The move to &#39;proof of stake&#39; should appeal to institutional finance who are wary of the ESG implications of the carbon-intensive &#39;proof of work&#39; method. Institutional Finance may wish to invest in the Ethereum network via &#39;staking&#39; pools and the coming upgrade could have significant implications on the price of ether.</p>

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