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The ETH Merge is the process where the existing network used by the community merges with the Beacon Chain, called ETH 2.0, where people have been staking ETH to earn yield over the past year. The merge will effectively transition ETH from PoW to PoS. The Merge is expected to happen over the summer and could be a strong catalyst for ETH this year. EIP-1559 has already added deflationary pressure to the currency and is on pace to burn 3% of ETH, annually. With the merge, some experts predict that emissions will drop by 90%+ and could effectively make ETH deflationary and scarce in the future. There are many upgrades that the merge will bring and we will cover them soon, but for now, we see this basic info as a bullish for the price of ETH later this year.
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June 27, 2022
Happy Monday, everyone! In this edition of Ember Nuggets, we'll be covering the fallout of CeFi crypto platforms, a quick look into Web3 cell phones, and a macro market update.
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