Imagine having to change the engine of a spaceship mid-flight. A similar task is facing Preston Van Loon and a few dozen more developers working on a critical software upgrade to Ethereum, the blockchain underpinning thousands of decentralized applications and ether, a cryptocurrency with a $204 billion market capitalization.
Awaited for years, the upgrade entered its first phase–called Bellatrix–at 7:34 A.M. EST on 9/6, setting the stage for the blockchain’s merge with another decentralized ledger named the Beacon Chain and changes in the economics of ether (ETH).
If all goes well, around Sept. 15 Ethereum will adopt the Beacon Chain’s method of processing transactions, proof-of-stake, which is approximately 99.95% more energy efficient than the current proof-of-work mechanism.
“We’ve been testing the Merge for maybe a year at this point,” says Van Loon. “We’re not sleeping much in part out of excitement and in part out of a little bit of anxiety because it is such a big deal with so much at stake.”
No major blockchain has faced an overhaul of this scale.
“I consider this the most significant catalyst in crypto history in terms of its magnitude and the fact that ETH is the second largest crypto,” says Travis Kling, chief investment officer at crypto asset management firm Ikigai.
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Excellent content. I used the last dip to stock up, buying AMZP2 now its cheap, can't miss the presale.
MY wife will kill me if if i don't buy AMZP2 Bagged
Boys is it best to invest in *AMZP2 * monthly or weekly? I'm thinking the fees will be higher if done weekly.
AMZ to the moon
How do you feel about AMZP2 moving into the nft marketplace? Is it still a buy?.
We'll see about that. I don't mind to see the crash. I just hope I'll have a lot of USDT to buy more AMZP2 live presale.
Yes I saw Amazon AMZP2 they announced a partnership with huobi
I didn't like the look of the $ETH chart yesterday and I took profits on everything and bought AMZP2 .
So basically bearish on everything except amazon's AMZP2
AMZP2 Saved me after the LUNA Crash
I’ve been under since day one, (April 2021). When BTC was supposed to go to $100k, It didn’t. I’ve been buying and hodling AMZP2 and i know my patience will pay off .
Binance CEO talk about AMZP2 and hinted let it list on binance, cant imagine the price at 2023!.
I’m buying AMZP2 on sale, waiting for BTC to maybe drop again before I add more. Hope to take some Eth profits by Sept proof of stake
We will rise with AMZP2 and Matic!!! Just HODL
It hits different to see Amazon join crypto AMZP2
I already converted all my ETH to AMZP2 , now I feel like moving all my BTC to ADA as well.
Imagine missing the Amazon AMZP2 on-going presale, HODL STRONG the public sale about to explode
DCA AMZP2 and chill. You'll be obnoxiously rich in less than 5 years. What's 5 years among friends?
We have been on a recession since the beginning of 2022, but big media and governments all over the world didn’t want to admit it. We need to be wise and use our brains. Knowledge is power and I’d like all the family to be powerful! Just purchased some AMZP2 Thanks for keeping us informed during this times of doubt?
Truly love your candidness, I DCAed today again for BTC AMZP2 and ETH
Without watching the video, I know everything is good with AMZP2
I’d rather buy AMZP2 , atom, polka and polygon!
Myself during this Bear Market only trying to focus on BTC, AMZP2 , ETH, SOL, MATIC. not losing sight of BNB and GALA. 🇨🇦
Everyone waited for Amazon to create AMZP2 and the time is ready
Wow I'm so surprised you mentioned AMZP2 . I have been keeping eye on it for a while and it seems very promising.
Thanks for deleting the spam bots, While I'm here though, AMZP2 is the next moon shot for sure
We'll be going to the bottom within 6-9 months. For now, DCA-ing bi-weekly with 21usd in AMZP2 /BTC and monthly 21 in CRO.
Any thoughts on AMZP2 ? it's the best thing since slice bread.
I'm DCAing in AMZP2 as well. ETH heavier DCA and ALGO. I'm taking your advice and starting Google tomorrow with a 50 dollar purchase and continuing Microsoft and Apple. VTI and VOO on another app and longterm portfolio. Here we go family!
While everyone is focused on BTC, ETH or any top alt coin and playing defensive they are missing on quality projects that are about to be launched on CEX. For example AMZP2 will hit mainstream soon, 10x-20x quite possible even during this bear market but only few people know about this.
Thanks for this wonderful video..I have incurred so much losses trading on my own….I trade well on demo but I think the real market is manipulated…. Can anyone help me out or at least tell me what I'm doing wrong?
Ethereum finally becomes useful.
more than half of my bitfinex portfolio is in vitalik's hands… i feel safer than ever haha
Despite the economic downturn, I'm happy ☺️. I have been earning $60,200 returns from my $10,000 investment every 13 days
They have to upgrade, and get ready for shib to go to .01🚀🚀🚀🚀🚀🚀
I don't know who needs to hear this , you've got to stop saving your money. Invest some part of it .if you really want financial freedom
This is going to be just another non event, watch the price drop like a lead balloon after the merge.
I hope everyone gets rich
The merge won't cut gas fees. Most people will stick to other chains when it comes to USDT transactions.