With the ETH Merge unfolding this week, exchanges and protocols are sending out notices to keep their users informed.

This merge is like fixing a plane while it's airborne.

What can possibly go wrong when upgrading an $452 billion dollar ecosystem from PoW to PoS?

Everyone hopes it all goes smoothly in the next 72 hours.
Of course, there will be scams galore and possibly hack exploits revealed.

It'll be interesting to see which protocols built on top of Ethereum will adapt seamlessly, and which will struggle.

Look out for notices from dApps, exchanges, wallets, and DeFi protocols advising on their game plan for the merge.

Such as this notice from crypto exchange Gemini...

ETH 2.0 is here – why it’s important

The long anticipated Ethereum Merge is likely the most consequential Ethereum network upgrade yet.

The Merge is planned to begin rolling out this week and will codify Ethereum’s move to Proof-of-Stake (PoS) from its existing Proof-of-Work (PoW) consensus mechanism.

This change to PoS is critical for making the blockchain faster. Currently, Ethereum can support up to 30 transactions per second, but the move to PoS will eventually enable up to 100,000 transactions per second, improving scalability, and therefore enabling more applications to leverage the blockchain.

Additionally, PoS is known to be more energy efficient because it doesn’t require mining. Some estimates say energy consumption will decrease by 99.95% once the Merge is complete, making Ethereum one of the more energy-efficient blockchains.

What to expect

There are three main points to keep in mind:

+ Gemini will support Ethereum’s PoS chain — We expect all Ethereum (ETH) and ERC-20 assets held at Gemini to be available on the PoS chain following the Merge.

+ No action is needed on your part to upgrade — We’ll do the heavy lifting 😃

+ All funds held at Gemini will remain secure throughout the Merge — While there will be some short pauses to ETH and ERC-20 withdrawals, all Gemini funds will remain secure throughout the Merge.

It's wise to check in on the various DeFi protocols, wallets, exchanges and projects you're involved with via their Twitter channel to learn what they are doing to prepare for the merge and protect its users.

Important key dates this month include -

15th September: ETH MERGE
21th September: FOMC
22th September: ADA Hard fork

Historically, September leans bearish by mid-month, both for crypto and the traditional markets.

Let's explore what to expect...

Bitcoin's Trend

Week 37 of 52

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