The Ethereum merge happened 3 weeks ago！ (Sept. 15, change it before posting)
But what’s next?
Here’s how the merge will change crypto:
The merge means the upgrade for Ethereum’s network from the original proof-of-work (PoW) mechanism to proof-of-stake (PoS).
The merge makes the core infrastructure of Ethereum greener.
It also leads to a more scalable network, gradually.
@VitalikButerin tweeted the roadmap for where Ethereum protocol development is at and what's heading to.
Full transition from PoW to PoS.
It will introduce Sharding on Ethereum, which breaks up the datasets into smaller sets.
Scalability of rollups will increase massively.
Verkle trees are introduced to optimize storage on Ethereum.
They help reduce node size, boosting scalability.
With EVM simplification track, historical data and technical debts are eliminated.
It streamlines storage, reducing network congestion.
More smaller upgrades to make the network run smooth will follow up on the above 4 updates!
Check out the full roadmap diagram here:
@chriscantino said L2 innovation is the next big thing in web3 post-merge.
L2 innovation is happening at a breakneck pace, and adoption is rocketing.But problems like high gas fees, low transaction speed, low network capacity wont go away right away.
@RaoulGMI said that a benchmark yield established for web3 via ETH will boost DeFi, along with in structured products and derivatives.
The biggest story in the merge is the yield, more than the supply reduction.
blockworks founder of @JasonYanowitz lists the 6 big narratives after the Merge:
After the Merge, 1600 ETH will be issued daily.
The Inflation of ETH will be less than post-Merge.
Miners reward grant will be reduced by about 90%.
New ETH issuance will decrease by 90%.
The merge proves that a decentralized and permissionless network can operate in an energy-efficient manner.
Looking forward to what’s next in web3!