Ethereum Merge

And just like that, it’s unofficially the last week of summer. Nearly every seems to be out of the office right now at Burning Man or in Europe. I’m a bit jealous as I’ve been at home for the last month. It’s been nice to get some rest and get caught up in life, but I’ve got the travel bug right now. For now, I’ve got this upcoming long weekend and some travel in September/October to look forward to.

While it seems like a rather dead period in tech and VC, the crypto world is about to get really interesting in the next 2-3 weeks. The Ethereum merge is set to take place around September 15th which means that the entire network will be moving from proof-of-work to proof-of-stake. If all goes well, Ethereum will be much more energy efficient network.

Accompanying this transition will be what some are calling the triple halving. After the merge, there will be 3 mechanisms that will reduce the supply of Ethereum and hopefully drive up the price of the token.

First, there will be reduced issuance. Second, Eth will be burned to reduce inflation. Lastly, Ethereum stakers will not be able to withdraw their until 6 months after the merge.

This is definitely an exciting and interesting time. As a big Ethereum holder, I’ve got my figures crossed that everything goes according to plan. Of course there’s an impact to my wallet, but I’m excited to see how this will impact the entire crypto ecosystem.