This week, crypto fans are holding their breath. The second-largest blockchain in the world, Ethereum, will change to a fundamentally new way of functioning in the coming hours. a complex operation that took years of testing and laborious labour. If this transition known as “The Merge” goes off without a hitch, it would greatly expand Ethereum’s prospects and will undoubtedly strengthen the whole space of cryptocurrencies, NFTs, and decentralized finance (DeFi). Similar to how a failure would have effects much beyond Ethereum’s already enormous reach. Decryption of the problems with KPMG France’s blockchain and crypto director, Alexandre Stachchenko.
Alexander Stachchenko: This is due to a number of factors. First, it relates to the second-largest blockchain by market capitalization (almost 200 billion dollars). By the way, it’s a trompe l’oeil figure because the Ethereum blockchain also supports a whole economy of NFTs and decentralized finance (DeFi). If we include that in, we get to slightly over $400 billion and surpass the current Bitcoin ecosystem. Additionally, “The Merge” is a substantial transition because it involves an engine change rather than a straightforward update. a true leap into the uncharted.
