{"id":5899,"date":"2022-07-25T01:02:35","date_gmt":"2022-07-25T01:02:35","guid":{"rendered":"http:\/\/www.cryptoheretostay.com\/?p=5899"},"modified":"2022-07-25T01:02:35","modified_gmt":"2022-07-25T01:02:35","slug":"the-merge-is-ethereums-chance-to-take-over-bitcoin-researcher-says","status":"publish","type":"post","link":"https:\/\/cryptoheretostay.com\/?p=5899","title":{"rendered":"The Merge is Ethereum\u2019s chance to take over Bitcoin, researcher says"},"content":{"rendered":"<script type=\"text\/javascript\">\r\namzn_assoc_placement = \"adunit0\";\r\namzn_assoc_tracking_id = \"totafreearti-20\";\r\namzn_assoc_ad_mode = \"search\";\r\namzn_assoc_ad_type = \"smart\";\r\namzn_assoc_marketplace = \"amazon\";\r\namzn_assoc_region = \"US\";\r\namzn_assoc_default_search_phrase = \"crypto\";\r\namzn_assoc_default_category = \"All\";\r\namzn_assoc_search_bar = \"false\";\r\namzn_assoc_title = \"\";\r\namzn_assoc_rows =\"1\";\r\n<\/script>\r\n<script src=\"\/\/z-na.amazon-adsystem.com\/widgets\/onejs?MarketPlace=US\"><\/script>\n<p>Ethereum researcher, Vivek Raman, is convinced that Ethereum\u2019s (ETH) upcoming transition to a proof-of-stake system will enable it to take over Bitcoin\u2019s (BTC) position as the most prominent cryptocurrency.<\/p>\n<p>&#8220;Ethereum does have, just from an economic perspective and because of the effect of the supply shock, a chance to flip Bitcoin,&#8221; said Raman in an exclusive interview with Cointelegraph.\u00a0<\/p>\n<p>The Merge, a long-awaited upgrade that will complete Ethereum&#8217;s transition from a proof-of-work to a proof-of-stake system, is set to take place in September. In addition, The Merge will transform Ethereum&#8217;s monetary policy, making the network more environmentally sustainable and reducing ETH&#8217;s total supply by 90%.\u00a0<\/p>\n<p>&#8220;After The Merge, Ethereum will have lower inflation than Bitcoin. Especially with fee burns, Ethereum will be deflationary while Bitcoin will always be inflationary. Although, with every halving, the inflation rate goes down,&#8221; pointed out Raman.\u00a0<\/p>\n<p>While Bitcoin will retain its function as digital gold, according to Raman, Ethereum will still have \u201ca larger adoption space\u201d as the base layer of the decentralized finance (DeFi) economy.\u00a0<\/p>\n<p>The Merge won\u2019t reduce Ethereum\u2019s high transaction fees, which is still the main issue preventing Ethereum from scaling. That is not an issue, according to Raman, as Ethereum will rely on layer2 scaling solutions to support most users&#8217; activity.\u00a0<\/p>\n<p>\u201cUsers need to learn that all of their activities should be on layer 2 and then layer 2s ultimately will use Ethereum as a base layer 1 for settlement and security and decentralization.\u201d<\/p>\n<p>Check out the full interview on our YouTube channel and don\u2019t forget to subscribe! <\/p>\n<p><script type=\"text\/javascript\">\r\namzn_assoc_placement = \"adunit0\";\r\namzn_assoc_tracking_id = \"totafreearti-20\";\r\namzn_assoc_ad_mode = \"search\";\r\namzn_assoc_ad_type = \"smart\";\r\namzn_assoc_marketplace = \"amazon\";\r\namzn_assoc_region = \"US\";\r\namzn_assoc_default_search_phrase = \"bitcoin\";\r\namzn_assoc_default_category = \"All\";\r\namzn_assoc_search_bar = \"false\";\r\namzn_assoc_title = \"\";\r\namzn_assoc_rows =\"1\";\r\n<\/script>\r\n<script src=\"\/\/z-na.amazon-adsystem.com\/widgets\/onejs?MarketPlace=US\"><\/script><br \/>\n<br \/><a href=\"https:\/\/cointelegraph.com\/news\/the-merge-is-ethereum-s-chance-to-take-over-bitcoin-researcher-says\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ethereum researcher, Vivek Raman, is convinced that Ethereum\u2019s (ETH) upcoming transition to a proof-of-stake system will enable it to take over Bitcoin\u2019s (BTC) position as the most prominent cryptocurrency. &#8220;Ethereum does have, just from an economic perspective and because of the effect of the supply shock, a chance to flip Bitcoin,&#8221; said Raman in an [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":5900,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_wp_rev_ctl_limit":""},"categories":[2],"tags":[],"class_list":["post-5899","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin-news"],"_links":{"self":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts\/5899","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=5899"}],"version-history":[{"count":1,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts\/5899\/revisions"}],"predecessor-version":[{"id":5901,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts\/5899\/revisions\/5901"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/media\/5900"}],"wp:attachment":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=5899"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=5899"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=5899"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}