While The Merge will obviously have a major impact on the Ethereum blockchain, the project is also impacting the entire crypto market. And especially on other big projects like the Shiba Inu (SHIB) that works under Ethereum. Let’s see this together.
Back to the Merge!
So the Ethereum merger will see the beacon chain merge with the main network. From a blockchain based on Proof of Work, which consumes a lot of energy, Ethereum will switch to a Proof of Stake protocol. A transition that should make it possible to limit the energy consumption of the blockchain by more than 99%.
According to that migration, the network should also be more feasible, with several transactions per second that will explode. The migration will greatly limit transaction costs on the Ethereum network.
If migration has long been ridiculed, it seems we can now see the end of the tunnel! The latest rumors indicate that The Merge is being commissioned for September 19th.
A migration that will affect the entire Ethereum ecosystem!
This migration is one of the most anticipated operations in the history of blockchain technologies. If the consequences are already known on the Ethereum network, The Merge will also affect all the projects hosted on its blockchain. This is especially true of the Shiba Inu (SHIB) signs meme.
The transition from Proof of Work to Proof of Stake has a direct impact on the modification of the transaction validation process. Miners will be replaced by validators that will affect all Ethereum stamped projects. In a very concrete way, after the transfer, SHIB transactions could be validated without delay. Although the merge will not affect transactions, it may take longer initially to validate.
But for many, it will be time to do the counting after the migration. Many aspects are unpredictable at the moment.
Ethereum share expected for 2023!
Ethereum Sharding is expected to be completed as early as 2023. Thought to improve the scalability of the Ethereum network, sharding is highly anticipated to reduce gas fees. A feature that could be very positive for the Ethereum blockchain. But also for all projects built on him as the Shiba Inu.
To overcome any shortcomings, Shiba Inu owners are also very dependent shibarium, the second layer solution developed by the leaders of the Shiba project. Due to its ability to group transactions, this solution could, if necessary, help minimize the gas costs of the Ethereum blockchain.
For the Shiba Inu team, the guideline remains the same: rely on internal tools to overcome any failures during the migration. But also in the future steps planned by Ethereum.