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3 reasons that the merger will “shoot” the price of Ethereum

On September 19, 2022, the Ethereum “merger” will take place, where it will go from Proof of Work to Proof of Stake

Like Bitcoin (BTC), Ethereum (ETH) also seems to want to be left behind the crypto winter and, in the last few days, it has been making progress that brought the network co-founded by Vitalik Buterin out of the “ice”.

Even according to the experts, this will be nothing compared to what will happen from next September 19, 2022when the phenomenon known as “fusion” occurs.

On that day, Ethereum will go from a Proof of Work (PoW) consensus protocol to a Proof of Stake (PoS) -Proof of Participation- protocol.

Buterin, the creator of Ethereum, has already talked about the benefits that this process will.

Something similar to think Brian MossoffCEO of Ether Capital, explained three reasons why do you think the evolution it will boost ether and kill what are called “Ethereum killers”.

Here are Mosoff’s 3 reasons:

Brian Mosoff, Founder and CEO of Ether Capital

Brian Mosoff, founder and CEO of Ether Capital, listed three reasons to get Ethereum fans excited

Goodbye Proof of Work

The energy consumption of the PoW is very high. In fact, shortly after Elon Musk cited this as one of the reasons for stopping bitcoin payments at Tesla, ethereum crashed.

Some North American lawmakers are considering how to ban cryptocurrency mining companies from using carbon-based fuel in their operations.

According to Mosoff, this change “it will be 99% more energy efficient, and these financial institutions and asset managers who have internal ESG (environmental, social and governance) mandates, suddenly, they’re going to say, ‘This is ahead of everyone else.'”

Institutional capital will participate in Ethereum

Mosoff believes that too the merger will result in institutional investors investing money in Ethereum 2.0who have been waiting since 2016 for the transition from Ethereum to PoS.

It refers to the fact that many institutional investors would be interested in taking their ether out of general circulation and giving it to the Ethereum network to hold, in exchange for being collectors of the new consensus protocol.

Ethereum brings The Fusion and inspires investors from all over the planet

About the “Ethereum Killers”

According to Mosoff, the merger will be a huge blow to projects that bill themselves as “Ethereum killers.”

The executive believes that once Ethereum goes PoS and lowers its creation cost and power usage, Ethereum competitors will fail.

The founder of Ether Capital specifically referred to projects like EOS, an underlying token, Solarium Y Tezoswhich uses key features of the Ethereum ecosystem, such as smart contracts, Defi Y NFTbut perform blockchain activities more efficiently than Ethereum present, according to a Business Insider article.

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