Sunday, November 27, 2022
HomeBTCBitcoin proponent Samson Mow discusses centralised feature of the Merge

Bitcoin proponent Samson Mow discusses centralised feature of the Merge

Samson Mow, a prominent Bitcoin supporter, has recently taken to social media to discuss the centralization features of the upcoming Merge, which he asserts are not generally recognized by the general public.

After the Bellatrix upgrade was finished on September 6, Ethereum entered the countdown phase. The formal changeover is scheduled to take place between September 13 and 15, depending on the amount of hashrate (computer power) that is input into the network. A difficulty threshold known as the Terminal Total Difficulty (TTD) with a value of 58750000000000000000000 is scheduled to activate The Merge at some point in the future.

Mow said that while most people believe that the Merge would be triggered by reaching a predetermined difficulty level, there is one facet that not many people have paid attention to. According to the information he mentioned, node operators have the ability to rewrite the TTD value with only one line of code.

Mow referred to a blog article on the Galaxy website that highlighted the primary centralization concern with the Merge and said that Ethereum had willfully concealed this knowledge from the public.

The move by Ethereum to switch to a Proof-of-Stake (PoS) network began as a tactic to solve the platform’s scalability issues, but it quickly evolved into an argument for energy efficiency in light of the increased scrutiny around the Bitcoin network’s energy use. The completion of the Merge would signify the end of the second phase of the three-phase changeover process. However, the bulk of the significant advantages, such as lower gas prices and quicker transaction throughput, won’t become available until the end of the third phase.

Related Posts:
Jeewan Singh is CryptoShrypto’s content writer and a seasoned writer with over two years of experience in writing about Indian Securities Market. Jeewan's participation in Blockchain and Cryptocurrency started in late 2020, and he hasn't looked back since. The technical and economic outcomes of cryptocurrency are what spark his curiosity, and he keeps one eye on the market.


Please enter your comment!
Please enter your name here

eight + 6 =

- Advertisment -

Most Popular