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Chain Reaction Ethereum
Chain Reaction x Equity speaks the Ethereum Merge
If you're into web3, the biggest news of the week in tech
became no longer the big Figma-Adobe deal. No, the leading tale of the previous
few days — arguably even the last few weeks — has been the Ethereum Merge.
The Merge, an upgrade to the Ethereum blockchain that moved
it from evidence of work (PoW) to a proof of stake (PoS) system of consensus,
became a long-awaited shift that ultimately occurred this week. And as the
trade-in era is predicted to reduce the carbon footprint of the popular
blockchain by ~ninety nine%, we had plenty to get into.
But we didn't just want to riff at the startup attitude or
the web3 perspective because the Merge had enormous implications for crypto as
an enterprise and its vicinity inside the international of rising tech. That's
why we were given together our startup and blockchain podcast groups for a
collab episode to hit each angle: Anita and Jacquie from Chain Reaction and
Natasha and Alex from Equity. This additionally gave us a 50-50 COMPUTERTECHREVIEWS -COMPUTERTECHREVIEWS + cut-up, which became correct fun.
We started utilizing putting the scene with how the
anticipation around this enormous occasion in web3 has affected token fees and
dug into what factors have been fueling optimism. Then we broke down the
mechanics behind why evidence-of-stake is greener. However, it can be less
decentralized than proof-of-work (though each of us had specific takes on
whether or not that's a fair assessment).
Pulling off the Merge became an event requiring such
technical coordination and rigor that it's been compared to the moon touchdown.
Now that it occurs, what's going to be the impact on web3 startups? What
approximately the relaxation of the tech enterprise, massive economic
institutions, or Chinese crypto miners? We walked thru these types of questions
and more, looking to cope with each what the Merge is and why it matters
through as holistic a lens as possible.
Like many stakeholders struck by the Merge, who all think differently,
so will we. This episode had lots of again-and-forth because the group unpacked
a few quirky pieces of crypto jargon, just like the term "baker" and
what it approaches in an evidence-of-stake ecosystem, as well as the timeline
of what comes after the Merge, which incorporates the Surge, Verge, Purge and
Splurge. No joke — we explain for what those suggestions in this episode.
We'll do more of this form of an issue as time goes; a way
to some proper welcome resource bumps to our manufacturing crew (massive
shoutout to Grace, Theresa, and Maggie).
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