Get ready, I think it’s time Ethereum will take over bitcoin in the market, by flipping it and becoming the number 1 cryptocurrency in the world. Is this possible? Bitcoin has been holding that spot since its existence. Its crypto, anything can happen. The Ethereum Merge might make that possible. But before we start talking about Ethereum flipping Bitcoin, lets understand what the event is.

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Over the years or rather, during the launch and existence of Ethereum, its been on the proof of work mechanism. What do you expect when the creator of Ethereum, Vitalik Buterin, studied Bitcoin during his teen life and decided to create something much more better, with better utility, but used the same block validating mechanism which is the proof of work mechanism.

Ethereum has a lot of utility, the blockchain utility should be the most used in the crypto space, this has tested the blockchain scalability and its found to be less scalable. Coupled with the fact that, most blockchains learnt from their mistakes and made a blockchain that is more scalable and doesn’t run on the proof of work mechanism, but rather, proof of stake. Which is more green for the environment because lesser energy is required to run it. Ethereum has been criticized for the mechanism and a lot of money has been invested into it for there not to be a solution to the problem.

The Merge

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Here comes the Baecon Chain, the Baecon Chain was built to help make the Ethereum Blockchain migrate from proof of work to proof of stake, but there needs to be a merger. This is where the most anticipated Ethereum event comes in place, the Baecon Chain will be merged with the Ethereum Mainnet Chain to upgrade it to the the poof of stake mechanism for better utilization of the blockchain.

This time you won’t need to get a complex computer to mine Ethereum or validate blocks, to be a miner of block validator all you have to do is stake at least 32 Ethereum and you are a miner. But you have to be careful with some scammers that are posing to sell ETH 2.0 token, you don’t need to do anything to take part in this merger. This event is happening soon, and it should be launched in September, remember those projects that used Ethereum’s scability and proof of work mechanism as the front line for their advert, I wonder what will be their faith as Ethereum is about to fix its flaws.

If you want to read more on the merger you can read here