About Ethereum Merger, Joseph Lubin: It May Be Nothing, But It Will Have A Large Impact On The Crypto Industry

JAKARTA Ethereum and ConsenSys officials, Joseph Lubin recently commented on The Merger. According to him, it is hoped that Ethereum Merce will be airing soon in less than 24 hours. The CEO of the ConsenSys blockchain software company shared his views regarding Ethereum's important transition and its impact on the crypto industry.

In an interview with Bloomberg TV, Lubin said the first important event was the birth of Bitcoin in 2009, then the second was the creation of Ethereum in 2015. The third important event was Ethereum Merger, according to him.

In terms of impact, in the history of our ecosystem, so far there have been two major events. The emergence of Bitcoin and Ethereum development, blockchain technology is much more programmable and expressive. The slot is in number three in my opinion," said Lubin.

On the other hand, although many people doubt Ethereum Merce, it appears that the upgrade will have a huge impact on the entire crypto industry. Furthermore, Lubin pointed out that the transition will not have a negative impact on users or developers as the process is similar to the automation of ordinary leak devices.

But it will also be very possible not in the sense that no end-userance will experience. There is almost no software developer. This will be as smooth as if your iPhone or laptop has upgraded its operating system automatically overnight, he said, quoted from CryptoPotato.

Ethereum Merge Immediately Show On September 15

Ethereum Merge is a network transition program from the Proof-of-Work (PoW) (PoW) mechanism to Proof-of-Stake (PoS) which is claimed to be more energy efficient. For information, efforts to increase The Merge have been made in recent years and will air on September 15.

Meanwhile, the founder of BitMEX, Arthur Hayes expressed his opinion on Ethereum. Given that Ethereum fans believe the deflation nature of ETH after The Merce will make it a store of value that can outperform Bitcoin as the largest cryptocurrency in the world by market cap.

Hayes actually thought otherwise. According to him, Ethereum is not designed to have a function as money but it is designed to be a decentralized computer network that can be used by many people.