Promotion – 0% commission on ETH trades!
The most anticipated and large-scale update of the Ethereum network is coming! To celebrate this event, UTEX has canceled trade fees on ETH transactions. The offer will be only valid until September 22.
What's going on:
There is less than a month left before the long-awaited update of the Ethereum network – The Merge. During the update, Ethereum will switch from the Proof-of-Work (PoW) algorithm to the Proof-of-Stake (PoS) consensus algorithm – this is the most important upgrade in the entire history of the project, and the overall preparation for it took seven years.
Consequences of The Merge:
The update will affect the fundamental properties of the cryptocurrency. Ethereum will become deflationary and much more environmentally friendly, which may affect its price in the long run:
- After switching to PoS, the network will need much less Ethereum to protect the blockchain. The decrease in Ethereum inflation rate will be comparable to three halvings of the BTC. Over time, the issue of tokens will decrease by 90%.
- Blockchain will practically reduce its energy consumption to zero. According to forecasts, thanks to The Merge, electricity costs will be reduced by more than 99.9%.
- Miners will get out of the game – payments of commissions for transactions on the network will come to ETH stakeholders. In the short term, it can significantly affect market conditions.
Get ready for The Merge with us!
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