Could Shiba Inu be influenced by the Ethereum merger? While The Merger will obviously have a major impact on the Ethereum blockchain, the project also has an influence on the entire crypto market. And in particular on other significant projects such as the Shiba Inu (SHIB) which operate under Ethereum. Let's see this together.
Back to The Merger!
The Ethereum merger will therefore see the Beacon chain merger with the mainnet. From a blockchain based on Proof of Work, which consumes a lot of energy, Ethereum will therefore 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%.
With this migration, the network should also be more practicable, with a number of transactions per second that will explode. The migration will also greatly limit transaction costs on the Ethereum network.
If migration has long been mocked, it seems that we can now see the end of the tunnel! The latest rumors point to the commissioning of The Merger for September 19th.
A migration that will impact the entire Ethereum ecosystem!
This migration is one of the most anticipated operations in the history of blockchain technologies. If the repercussions are already known on the Ethereum network, The Merger will also have an impact on all the projects hosted on its blockchain. This is particularly true with the Shiba Inu (SHIB) token meme.
The migration from Proof of Work to Proof of Stake has the direct consequence of modifying the transaction validation process. Miners will be replaced by validators which will impact all Ethereum stamped projects.
In a very concrete way, after the migration, SHIB transactions could be validated with a delay. While the merger will not hamper transactions, validation may initially take longer.
But for many, it will be time to do the reckoning after the migration. Many elements are currently unpredictable.
Ethereum sharding is expected for 2023!
Ethereum Sharding is expected to be finalized as early as 2023. Supposed to improve the scalability of the Ethereum network, sharding is highly anticipated to reduce gas fees. An element that could prove to be very positive for the Ethereum blockchain. But also for all projects built on it like the Shiba Inu.
To overcome any shortcomings, Shiba Inu owners also rely heavily on Shibarium, the second layer solution developed by the Shiba project leaders. By 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 stages planned by Ethereum.
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