Block Climbing Podcast: The Ethereum merge explained and why it really matters
The Ethereum merge is finally happening! So this week Tegan and Tim dive into what this actually means and why it's a big deal. They also look at Tiffany & Co NFTs and the Sports Chain crypto scam in Sri Lanka.
After years of promises, Ethereum is finally about to merge in September. It's moving from a proof of work model to proof of stake, which is a huge deal for the crypto community. But what does this actually mean and why is it important?
In this ep we break down the Ethereum merge so it's easy to understand. We dive into proof of work vs proof of stake (and what that means), the new Beacon Chain the network is moving over to and the hopefully positive environmental impact.
We also take a look at the potential cons and misconceptions, like changes to gas fees and how much money you need to be a validator rather than a miner.
Elsewhere in the episode we discuss Tiffany & Co getting into the NFT game and the Sports Chain crypto scam that has been plaguing Sri Lanka.
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Credits
- Hosts: Tegan Jones and Tim Bennett
- Editor: Tim Bennett
- Editorial: Tegan Jones
This podcast is powered by Finder. Follow Tegan and Tim on Twitter.
Show notes and sources
- Sri Lankans make crypto Ponzi scam claims [Al Jazeera]
- Here's the Sports Chain website to check out for yourself
- Here's the "NFTiffs" website – we hate having to type that
- Tiffany is selling custom CryptoPunk pendants for $50,000 [The Verge]
- Tiffany & Co.'s 250 NFTiffs Sold Out, Generates nearly $13M in Revenue [Blockchain News]
- Ethereum's quick explainer on The Merge
- Ethereum Founder Buterin Forecasts Blockchain Merge on Sept. 15 [Bloomberg]
- The Merge Is Upon Us: What It Means for Ethereum [The National Law Review]
- The Merge: Top 5 misconceptions about the anticipated Ethereum upgrade [Coin Telegraph]
