Let's talk about ethereum because it looks like the merge event, ethereum. Switching from proof of work to proof of stake, which has a lot of other implications, is coming upon us and it might be happening in august august of 2022. So make sure you have your calendar marked vitalik buterin, the co-founder of ethereum confirms ethereum's. Merge could happen in august.

Arguably, the most anticipated event in ethereum's seven-year history could come in the next few months asserted the project's co-founder as well as a couple of core east developers. This should happen before the difficulty bomb slows down the network. So a couple things i want to get into. First of all, you might have been like what the hell is, the difficulty mom and what's this merge what's going on anyway? Why should i care? As far as we know, it's everything goes a plan in august.

It just makes sense if we don't have to move the difficulty bomb and, let's uh, let us do it as soon as we can so anyway. Difficulty bomb the tldr version is, it slows down the network and the reason they would do this baked into the code and to be fair. They have pushed this out multiple times in the past, so they have the capability to move it, but it seems like the group that supports the theorem, doesn't really want that to happen anymore, but anyway, the difficulty bomb itself. The reason for having it is to encourage developers to push for the proof of stake transition and make it harder for miners to remain on the proof of work chain following the event.

So they basically just want the community to support the move from proof of work. To proof of stake, which is a change in the consensus model, which means you're not going to have any of those minors anymore, now you're going to have validators, and this reduces the impact on the environment by about 99.9 percent. But more importantly than that, if you come to ultrasound.money you're going to see that from a tokenomics perspective, if you actually go through with the merge which, why is this not loading right now, let me reload the page very, very quickly and show you what happens so Right now, ethereum eth is inflationary and we're adding about 3.8 a year. Well after the merge, the tokenomics changes and as you can see, it's now a net loss which means that ethereum is deflationary so, as demand goes up and supply is going to dwindle.

That just naturally increases the value, the price of the underlying asset, and in this case it would be ethereum. So once again, is this written in stone? No, we are expecting the merge to start in august and there are some other technical things to get in there and eventually they went and get all the way out to sharding, but that i would honestly think it's 2023 most likely 2024. It is a big technical hurdle to come over, but it is interesting to see vitalik himself talking about it and alluding to the august time frame. So obviously i'm a lot into ethereum.

I know a lot of you are in ethereum, so as we get more updates of what is or isn't happening with this particular blockchain with this particular ecosystem, i'll, happily, keep you updated.