Is There Potential Impact of the Merge on Bitcoin (BTC) 

merge

On Tuesday, September 6th, 2022, Vitalik Buterin said on Twitter that the Ethereum Merge is to take place around September 13th to September 15th. After the Merge upgrade, as expected, Etheruem network will move from its current heavy energy intensive consensus mechanism of proof-of-work to proof-of-stakes. 

The upgrade is perhaps the most anticipated one across the crypto space. It is the first of its kind upgrade where a behemoth sized network shifts its mechanism. It not only focuses on energy concerns with PoW but also many other additional benefits come along with PoS. 

Proof-of-stakes differs from proof-of-work in many ways. For instance, the validators in the network are to be selected on the basis of the quantity of their staked coins. More the coins a validator staked the more chances for him to validate the transaction. 

This single step brings a huge difference between both the mechanisms, in terms of energy usage. With PoW, a large number of validators using extensive computing power compete to validate transactions. Eventually only one would be selected out of thousands of them while the work done by others goes into vain. This also acts as wastage of a lot of energy used by the validators. 

How The Merge Could Impact Bitcoin?

Amidst the discussion around the Merge upgrade, bitcoin came naturally and many started assuming the effect of the event on the top cryptocurrency. 

Since reaching its all time high in November last year, bitcoin (BTC) has apparently been struggling till now. Due to many reasons one after the other, the top cryptocurrency found it hard to keep stable at one point for long. For instance, it maintained 20K USD as resistance level since July, 2022 but now it finds it hard to keep it consistent. 

Source: https://www.thecoinrepublic.com/2022/09/08/is-there-potential-impact-of-the-merge-on-bitcoin-btc/