• Language & Exchange Rate Switch
  • Preference Settings
    Rise/fall colour
    Start-End Time of the Change
Web3 Exchange
Announcement
Activity
Bi-Weekly Report
Institutional&VIP
Gate Learn
Delisted
Gate Wealth
New Listed
Gate Charity
Finance
Trade Competion
ETF
Live
Gate Card
Announcements Gate.io Blog:Post-Merge Era | With disappointed Drop and Upcoming Shanghai Update, What Is the Future of Ethereum
Gate.io Blog:Post-Merge Era | With disappointed Drop and Upcoming Shanghai Update, What Is the Future of Ethereum
2022-09-26 06:33:14 UTC 20030 Read

TL;DR

🔹 The plan in the 2014 white paper was finally realized eight years later, but the market did not rise as expected.

🔹 Ether fell to its lowest point since July, reversing all gains since mid-July.

🔹 Shanghai Upgrade is expected to open staking and withdrawal for upgrading, but there are still many uncertain factors.

🔹 Lido and Coinbase control more than 40% of the nodes in the Ethereum network, causing concern in the community.

It has been a week since the beginning of a new epoch for the Ethereum network following the historic termination of the proof-of-work (PoW) mechanism. The energy-consuming consensus protocol, which has been used for eight years, was finally scrapped for a more sustainable proof-of-stake (PoS) mechanism. However, the upgrading performance did not seem to be as "lively" as people imagined, and the market was still struggling in a long bear market. Even after the Merge, Ethereum once fell to $1,489, along with Bitcoin.


For more details, please refer to our blog post:Post-Merge Era | With disappointed Drop and Upcoming Shanghai Update, What Is the Future of Ethereum







Gate.io Featured Articles



Gate.io Blog

As a new information section of Gate.io, the Gate.io blog function will provide users with all-round investment support. It will offer the most timely information in the industry, as well as informative columns, exclusive research reports, interesting encyclopedia info, and other high-quality content. All of these combined will enable you to grasp the most valuable and high-quality information without leaving home.

We invite you to experience and bookmark this blog, in order to get essential investors tips.

Website: https://www.gate.io/blog/bloglist
*App will be launched soon, please keep an eye out for it!

Blog entry: Gate.io main menu bar "News - Gate Blog"



Gate.io Blog will be updated at regular intervals. Stay tuned!

Sign up to enter the crypto gateway and get 40% commission from referrals

Download iOS/Android App right now.

Reach out to us!

Twitter: https://twitter.com/gate_io

Telegram: https://t.me/gate_zh

Instagram:https://www.instagram.com/gateioglobal

Medium:https://medium.com/@gateio

Podcast: https://gateio.buzzsprout.com/?ch=buzzs

Gate.io Team
September 26

Share Posts
Related Articles
Gate.io Has Added The Root Network (ROOT) Perpetual Contract Gate.io Newcomer Perks: Enjoy $20,000 Prizes, Win VIP Level & Claim New Token Airdrop... Gate.io HODL & Earn: Lock MPC To Earn 150% APR Gate's Easter's Trading Challenge: $80,000 Prize Pool Awaits! GT Holder-Exclusive Airdrop: Gate.io Initial Startup Free Offering Legends of Elysium(LOE) , and Ann... Gate.io Startup:Duko (DUKO) Sale Result & Listing Schedule
Language and Region
Exchange Rate
Go to Gate.TR?
Gate.TR is online now.
You can click and go to Gate.TR or stay at Gate.io.