It turns out that it may take some time before the bane of cryptocurrency mining releases control of our precious gaming GPU stock. But a clear shift is underway. Ethereum is undergoing a huge change, appearing in the form of so-called “mergers.”
Since May, we have been waiting for Ethereum to transform the consensus mechanism from an energy-intensive and GPU-intensive proof-of-work model to a lighter, non-computation-intensive proof-of-stake model. At that time, we were promised that it would only take a few months, but since this transition did not occur, the demand for game GPUs for miners is still high.
The current model means that if there is no reliable graphics card running in the context of each Ethereum interaction, new Ether cannot be generated and transactions cannot be transferred. This puts us gamers in an awkward situation, especially those who dream of filling up their graphics cards this holiday season. But as The Merge progresses, all this will change.
This sounds like a transcendent event that has shaped the world’s citizens into a cryptocurrency singularity, but in reality it is only an important part of the Ethereum roadmap.
Also known as “Docking”, it plays a role in Ethereum’s spaceship metaphor, and it forms part of the next phase of cryptocurrency’s evolution to Eth2.An evolution as Ethereum website explained, “Refers to a set of interconnected upgrades that will make Ethereum more scalable, safer and more sustainable.”
It actually means that Ethereum’s mainnet system will be combined with its beacon chain, called “a new engine and a solid hull” to form “a ship, ready to put in some serious light years And take over the universe.”
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Currently, only a few cryptocurrencies in the world use the proof-of-stake model. Cardano, Tezos, and Algorand are among them, and as Ethereum hopes to take action before mid-2022, we may see a significant reduction in GPU inventory pressure.
Until then, I think we will have to deal with the continued lack of GPUs. At least this is a step in the right direction for the world’s second largest cryptocurrency. Nonetheless, the metaphors of all these spacecraft make me a little worried about where they will go-an Ethereum-powered space station sounds like a future I am not sure I want to be a part of.