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2022-09-15 23:42:42

Coinbase Lists 4 Possible Risks Of Ethereum Merge

The Ethereum Merge remains one of the most anticipated events in the crypto space. The upgrade was scheduled to happen on September 15, 2022. It was a long-awaited blockchain transition as it moved from PoW to PoS. The change will merge the Beacon Chain and the Ethereum mainnet to become a single blockchain. Related Reading: Bitcoin ETF Inflows Returns After Abysmal Phase As an event in the industry, several reactions and discussions have occurred concerning the Merge. The Ethereum community is in high hope for the success of the transition. On its part, the Ethereum developing team has completed all the necessary checks and steps that will finally activate the Merge. Following the recent flow of activities on the preparation and waiting for the Merge, reactions are getting intense. One of the global top crypto exchanges, Coinbase, has made some shocking disclosure. Coinbase Cloud had identified four possible risks with the Ethereum Merge. The risks are operational, technical, lack of client diversity, and economic. Potential Risks Of Ethereum Merge Based on its highlighted points, Coinbase also offered some details on the risks. Operational Risks: Recall that during the Bellatrix, there was a drop in the participation of node operators and validators. Some of the operators didn’t complete the upgrade for their clients. Also, there are some behind-the-scene activities such as testnets, client releases, last-minute releases, an...

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