Ethereum’s big change

Ethereum, the second cryptocurrency in market capitalization and with the greatest implementation behind bitcoin, the main digital currency, will face one of its most anticipated and important changes in a matter of weeks. The Russian-Canadian programmer Vitalik Buterin, its creator, openly shared his opinions and ideas regarding the long-term future of the Ethereum protocol.

«The Ethereum protocol right now is in the middle of this long and complicated transition, and it is a transition towards becoming a system that will be much more powerful and robust in many aspects,» began Buterin, who at the end of last year published his roadmap in which he outlined five major milestones that were going to take place in the Ethereum protocol.

The first of these five milestones will arrive next September, when the fusion, and then arrive increase, the apex, the purge and the waste.

«The Merge», the merger desired by the crypto world

The Merge, or merger, is the change from the so-called proof of stake (PoS) instead of the proof of stake (PoW), a change that will make stop mining ethereum, which will make its use easier, as well as more practical and less polluting.

«The Verge» will cause a sharding or scaling process to be added that will allow you to do a greater number of operations in less time, and to do this it will add a solution to its algorithm that will make it easier for users to become validators of the network, which will contribute to the decentralization.

«The Purge», for its part, will be the phase through which it will be achieved that free up disk space, which at the same time will cause it to have more resources; and finally, «The Splurge» it is still unknown what it will do, although the creator of Ethereum wanted to emphasize that it will be a turning point.

A boost for cryptocurrencies?

The arrival of the new Ethereum roadmap is getting closer and closer, which will take place in its first phase in the month of September of this year. Although there are many doubts and unknowns about it and its operation, at the same time there is great optimism about what all this can contribute to the cryptocurrency ecosystem.

For many people these changes in ethereum will greatly help boost cryptocurrencies again, which in recent months have not been at their best after suffering significant falls. Even though there is beginning to be some sign of recovery, the «new» Ethereum can go a long way toward achieving the breakthrough that many desire and seek.

However, not everyone sees these changes and developments as something positive, and not everyone trusts that the changes will be for the better, but the most skeptical think that there may be security risks; and that these precisely can cause everything opposite to what is expected. That is to say, instead of serving to help cryptocurrencies recover, it causes them to continue in their bearish phase.

In any case, it is still too early to know how it will affect the market and the influence it will have, so for the moment there is nothing left but to speculate and wait a few weeks for the first phase of this long process to begin, which we will be closely monitoring.

As for the rest of the phases of the Ethereum creator’s roadmap, it is unknown when they will be launched, although presumably it will become known as each of the already known phases begin.