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Though the Merge did not so far contributed any smell of pumping on the price of the Ethereum coin, I am hoping that it will slowly be going up as more and more developments can be coming from the network...though we also have to be prepared that there can be problems new to Ethereum to be coming out. Still, am optimistic for Ethereum and this is a big oasis moment for the whole platform which I consider to the heir apparent to Bitcoin.
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Two Major Blockchain Network Upgrades Ethereum 2.0 and XDC Network XDPOS 2.0
Ethereum Merge, the network's transition from PoW to PoS consensus, is the biggest and the most significant upgrade in the crypto sector. On successful execution of ‘The Merge’, Ethereum will terminate the PoW consensus when its mainnet merges with the Beacon Chain. Beacon Chain is the parallel blockchain hosting the PoS consensus engine and coexists with the current Ethereum 1.0 since 2020.
Upcoming XDPoS 2.0 Upgrade
The XDPoS 2.0 will be implemented in the first quarter of 2023 after undergoing a whole year of beta testing. It is considered as a significant advancement within XDC Network and is by far the most complex upgrade since its inception. With this execution, XDC will switch from XDPoS 1.0 to XDPoS 2.0.
The XDC Network is a longest-chain open-source network that uses the XDPoS 1.0 protocol. This consensus protocol version utilizes delegated proof of stake (DPoS) and proof of work (PoW) to validate the transactions and secure the network. Currently, XDPoS 2.0 is in the beta testing phase.