ETH Merge: What may happen.

in LeoFinance2 years ago

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Because this is the first time a blockchain has switched from POW to POS consensus, there may be problems.

Mistakes and corrections, which could take a few days to complete (we hope they don't), if they do, would likely be a stimulus for CT to hit a new low, and if they do, might be an excellent time to purchase more ETHs (because the FUD would be much)

  • If you have a bid on any of your NFTs on Ethereum, the owner will probably accept it following the merge on the pow chain. Better cancel the bid so that you can receive the Eth POS version by airdrop.
    We are aware that contracts on POS consensus are frequently attackable, and ETH won't be any different when it joins POS consensus.

  • Transactions will likely be faster because validators will confirm them, but at what cost? I am unable to promise it.

  • The entire Ethereum contract will double, including the entire USDT on ERC20 and the majority of other tokens. However, the ones on the POW Chain are now rendered useless, and POS is now valid.


Conclusion

Staking will undoubtedly act as the spark for some strong runs on Ethereum if the merge is accomplished without any problems (In my own opinion).
Keep your eyes open, then, and do well. CT should win, we hope!

Your personal view can be added.

THANKS SO KINDLY FOR READING MY BLOG

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