![]() ![]() "The merge event has been on the minds of the Ethereum community for multiple years now and there's been confidence in the inevitability of it with the various teams building on top of Ethereum technology," he told Euronews Next. How will it affect Web3?Īccording to Conor Svensson, CEO and Founder of Web3 Labs, the Merge will not change much for Web3 in the near term. I would fully expect that this is going to be back on the table again, maybe not right away, but definitely soon". "I think it's a very real risk if it (Merge) is really successful. The switch to PoS is "a step in the right direction on sustainability," Alex de Vries, an economist who runs the Digiconomist website, told Euronews Next. ![]() Can the Ethereum Merge make crypto greener? Usher said he believes that when the broader risk markets start to recover, he firmly believes that today's Merge "will give confidence to beleaguered investors that the wider crypto assets have a place in their portfolios". The volatile crypto market has been under pressure in recent months in what has been called crypto-winter where the value of cryptos such as Bitcoin has taken a hit. ![]() Whilst it may not directly affect BTC (Bitcoin)etc, it will underpin the future of all crypto assets moving forwards," he said in comments to Euronews Next. "My feeling is that today is a hugely significant step forwards in the usability of cryptocurrency going forwards. Price action in the short term has been muted, and I think this will continue due to the immense amount of option interest that has been opened recently," said Richard Usher, head of over-the-counter trading at the London-based crypto company BCB Group. "This has been a long time coming, and it has so far run smoothly. Ethereum's Merge was completed on September 15 Canva ![]()
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