Chain Reaction x Equity talk the Ethereum Merge • TechCrunch

Merge this ETH, are you a baker, shaker, baker or maker?

If you’re interested in web3, the biggest tech news of the week isn’t Big deal Figma-Adobe. No, the top story of the past few days – even a few weeks ago – has been Ethereum merge.

Consolidated, an upgrade to the Ethereum blockchain that moved it from a proof-of-work (PoW) system to a proof-of-stake (PoS) consensus system is a long-awaited change that has finally taken place. out this week. And since the change in technology is expected to reduce the carbon footprint of the popular blockchain by ~99%, we have a lot to go into.

But we don’t just want to talk about the startup angle, or the web3 angle, because consolidation has huge implications for crypto as an industry and its place in the emerging tech world. . That’s why we’ve assembled our blockchain and startup podcast teams for a collaborative episode that captures both angles: Anita and Jacquie from Chain Reaction, and Natasha and Alex from Equity. This also gives us a 50-50 split TechCrunch-TechCrunch+, which is interesting.

We start by setting the scene with anticipation around how this epic event in web3 has affected token prices and dig into what factors have fueled the optimism. Then we break the mechanism behind why proof-of-stake is greener, but possibly less decentralized than proof-of-work (although we each have a different opinion on whether that’s a fair assessment).

Pulling out of Consolidation is an event that requires technical coordination and is so rigorous that it has been compared to the moon landing. Now that it has happened, what will be the implications for web3 startups? What about the rest of the tech industry, or major financial institutionsor Chinese Crypto Miners? We’ve gone through all of these questions and more, trying to tackle both what is and why it’s important through the most holistic lens possible.

Just as there are many different stakeholders affected by Consolidation, who all think differently, so do we. This episode has a lot of backtracking as the team unpacks some quirky crypto jargon like the term “baker” and what it means in the proof-of-stake ecosystem as well as its timeline. what happens after Merge, which includes Surge, Verge, Purge and Splurge. No kidding – we explain what those mean in this episode.

We’ll be doing more of this as time goes on, thanks to some welcome resources for our production team (huge thanks to Grace, Theresa, and Maggie).

To know more about Merge, you can read the requirements here, hereand here. Go ahead!

Equity drops every Monday at 7 a.m. PDT and Wednesdays and Fridays at 6 a.m. PDT, so sign up with us on Apple Podcasts, Dark, Spotify onend all workpieces.

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