The long-awaited merge upgrade of the Ethereum network was successfully completed in the early hours of Thursday, September 15, 2022. The timing was in line with earlier predictions by Ethereum developers based on the Ethereum hashrate.
The merge upgrade creates a more energy-efficient blockchain network as Ethereum has since moved from a Proof-of-Work (PoW) blockchain network to a Proof-of-Stake (PoS) network. Although Ether Price (ETH) There was a sharp drop after the merge and in the early hours of Friday, it was trading at $1,474.20, down about 7.93% from Thursday’s price level.
Still, analysts expect prices to rise in the coming days, when investors opened the hedges that they had bought to the expected hiccup in the rollout. So far, no problems have been reported with the merge; Something that is likely to instill confidence among investors and possibly drive prices higher.
According to John Charbonneau, a researcher at crypto research firm Delphi Digital, the merge is “the biggest event in crypto since the creation of Bitcoin and Ethereum. Assuming all is well, attention will turn to future Ethereum upgrades.”
To help investors and traders buy Ethereum tokens post-merger, CoinJournal has put together this short guide to the best places to buy Ethereum.
Continue reading to know more.
Where to buy Ethereum (ETH)
eToro
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bitstamp
Bitstamp is a leading cryptocurrency exchange that offers trading in fiat currencies or popular cryptocurrencies. Bitstamp is a fully regulated company offering users an intuitive interface, a high level of security for your digital assets, excellent customer support, and multiple withdrawal methods.
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What is Ethereum?
Ethereum was the second blockchain network to be developed after Bitcoin, which was the first blockchain to be developed. Its native token/cryptocurrency Ether (ETH) is the second largest cryptocurrency by market cap.
At their launch, both Bitcoin and Ethereum were designed to use a PoW consensus mechanism to confirm transactions within the network.
However, PoW systems have proven to consume a lot of energy that has a negative impact on the environment. Ethereum has started to move to a PoS mechanism that is less involved, less energy-consuming and more efficient than PoW.
Ethereum successfully completes migration to POS system Merge upgrade on Thursday, September 15,
After the merger of Ethereum, a New ad campaign targeting the energy of bitcoin is underway Use because of its proof-of-work (PoW) consensus mechanism.
Should I buy ETH today?
Let’s say you want to invest in a popular cryptocurrency which is expected to grow significantly in the coming days. In that case, ETH could be a good option, especially after a successful merge upgrade.
However, the cryptocurrency market is extremely volatile, and you should invest with caution.
Ethereum Coin Price Prediction
Despite the post-merge price drop, analysts expect Ethereum price to rise above $2K in the coming days as investors open their hedge positions as no hiccups are currently recorded after the merge upgrade Has been.
$ETH Social Media Trends
“The merger will reduce worldwide electricity consumption by 0.2%” – @drakefjustin
— vitalik.eth (@vitalikbuterin) September 15, 2022