The price of Ethereum has increased by 50% in over a month; the founder says the protocol should be 55% complete after the merger

Merge alludes to the network’s transition from ‘proof of work’ to ‘proof-of-stake.’

Last week, ETH developers announced that the merger would take place during the week of September 19th.

Despite the fact that Ethereum (ETH), the world’s second-largest digital currency by market capitalization, has increased by 50% in less than a month and has played a critical role in the cryptocurrency market’s recovery.

After the merge,’ the protocol will be only 55% complete.

Merge alludes to the network’s transition from ‘proof of work’ to ‘proof-of-stake.’

Last week, Ethereum developers announced that the merger would take place during the week of September 19. 

Nearly 50% returns in a month and a half

ETH, which was trading at $1,080-odd levels on June 6, reached a high of $1,610 on June 22, giving nearly a 50% return in less than a month and a half.

“The distinction between Bitcoin and Ethereum is that Bitcoiners believe Bitcoin is 80 percent complete, whereas Ethereans believe Ethereum is 40 percent complete.”

After the merger, Ethereum could be up to 55% complete. 

The rate of change will slow down

“At some point, the rate of change will slow down,” Buterin predicted, adding that this is what many people want from the ETH protocol and is also his preference.

“It’s possible that something will happen. Unknown unknowns exist.

“However, those unknowns should diminish over time,” the co-founder said. 

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