ETC and Ethereum 2.0 will become the same crypto?
Vitalik Buterin, creator and chief representative of the Ethereum coin (ETH), hinted that he is considering the merger of Ethereum 2.0 and its hard fork. Digital silver will merge with Ethereum Classic(ETC).Today we will consider all currently known information on this issue. We will also make a small forecast for the future. We will determine how such an interesting event will affect ordinary users and whether it is possible in principle.
What exactly did Vitalik Buterin say?
Buterin posted an unexpected post on his Reddit account. In the publication, the programmer suggested how he can merge two cryptocurrencies into one. The creator of ETH said that from a technical point of view, this process is more than possible. According to Buterin, the development team will develop a special formula. The algorithm will establish a common, beneficial for all, course. Coin prices will become one value.
Yes, theoretically, this is not a complete unification. Ethereum Classic will come in the second version of ETH only as a separate shard. Shard, by and large, is an additional Blockchain for the main coin. The benefits of connecting the two currencies are obvious – ETC owners receive a stable support that helps withstand a sharp drop in prices, and ETH starts to work faster.
The fact is that the second version of Ethereum should work on Proof of Stake. In it, as you know, mining is focused on the number of cryptocurrencies, and not on the power of the equipment. In order to provide an easy transition of the crypt to a completely new path, an additional Blockchain will be needed. That will be precisely ETC. With this cryptocurrency, transactions will become faster. A less busy system processes transactions faster. All thanks to the additional Blockchain. Agree, that sounds good.
How possible is the merger of Ethereum 2.0 and Ethereum Classic?
It should be understood that Buterin cannot independently solve such complex issues. Even the head of a large, influential company needs outside support. The combination of cryptocurrencies should be promoted by both parties. However, negotiations, as far as is known, are already underway.
Prominent figures in the crypto industry are confident that the merger of two serious assets will open new frontiers for users. The integration of Blockchains will allow crypto owners to easily transfer changes in the course and feel more confident even during a crisis.
Very soon, another hard fork awaits the ETC system. Cryptocurrency will be divided into two grids. After this event, the Ethereum Classic team will most likely think about combining Blockchains. We will all enter a new stage in the crypto industry. If such a momentous event occurs.
The fact is that the success of the two teams will surely inspire other developers as well. It is possible that soon we will hear news about the merger of Monero and Zcash. Who knows, maybe Dash and Ripple will want to unite? We can only wait and follow the latest news. Stay up to date with all the events of the crypto industry with us. We publish only high-quality, relevant and interesting material. Thanks for attention. Good luck!