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Ethereum Merge Paves Way For Stronger Bitcoin

Ethereum Merge Paves Way For Stronger Bitcoin by @bitcoinnomadic

An immediate decline in Ethereum’s market price and a 10 billion gap in mining hardware consolidates Bitcoin strength. BITCOIN btc eth ethereum Web3

Ethereum’s transition from proof-of-work (PoW) consensus to proof-of-stake (PoS) consensus is one of the longest developing and most radical shifts the cryptocurrency industry has ever seen.

A formerly 194 billion network irreversibly changed its security backbone which has underpinned the network from a model which relies on hard-to-obtain computing power to one which relies on accumulating and staking wealth in an open market.

In a nascent industry like digital assets, the developments of one asset within the ecosystem do not act in isolation. The impact of their developments reverberate across the industry and impact other assets for better or worse.

In this ASIC Jungle analysis, we review the impacts of the Ethereum Merge on the bellwether of the crypto market Bitcoin. For the full article, visit our ASIC magazine page for free ➡️

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Asic Jungle - Ethereum Merge Paves Way For Stronger Bitcoin | Asic MagazineAsic Jungle - Ethereum Merge Paves Way For Stronger Bitcoin | Asic Magazine
This post is based on this twitter thread.

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