From a technical perspective, Ethereum is an open-source blockchain that is known for its smart contract functionality that runs on Ethereum and executes transactions of value and information. A peer-to-peer network is an extension of a cryptocurrency network.
During its infancy, we have witnessed how Ethereum grows and matures quickly over time. It's no wonder why Ethereum is the most well-known altcoin and its surging popularity has made it a potent competitor to Bitcoin.
After the announcement about when the Ethereum Merge will take place, countless blog posts, tweets, and, articles were made online to share their thoughts and opinions on the said announcement. Undoubtedly, this is the most significant upgrade in the history of Ethereum.
What is Ethereum Merge?
Many of us in the crypto community are anticipating Ethereum’s long-awaited upgrade—known as “the merge”. The upgrade of the decentralized blockchain platform to ETH 2.0 means that instead of being a proof-of-work blockchain, Ethereum will be proof-of-stake.
This much-anticipated and talked about the upgrade is expected to make the world’s leading smart-contract blockchain faster, more scalable, and much more energy efficient which I think will be great for decentralization.
ETH Merge Gold Rush is Now Available on KuCoin
In line with Ethereum's major upgrade, KuCoin, a cryptocurrency exchange, has officially launched the world’s first ETH Merge Gold Rush event on August 10 and will end on September 19, 2022. The said event was launched for the purpose of providing every user with the latest updates and getting the best crypto earning opportunities during The Merge.
Only a few days before the launch of the Gold Rush Event, Kucoin also launched a new IEO project which is the 23rd Spotlight token sale with Fracton Protocol (FT) as one of the important parts of ETH Merge too.
This ETH merge event includes the following core segments that users can benefit from:
1. Learn more about the ETH Merge countdown and get the latest Merge news.
2. Convenient Spot/Futures trading that supports assets associated with Merge such as ETH, ETC, Matic, Op, etc.
3. Participate in ETH PoS mining for earnings. Staking promotions will be available soon, including ETH PoS mining and other staking products.
4. Join KuCoin communities to participate in Merge-related discussions.
I can't help but be appreciative of KuCoin's engagement when it comes to important events such as the ETH Merge. There has been a lot of discussion about the upcoming merge. How will it work? What are its benefits? The advantages of joining the event are already stated above, which means that Kucoin users have an opportunity to get the answers to those questions just by simply joining the Gold Rush event.
Aside from that Kucoin will also host several activities on their Social media and Communities. All verified users are welcome to join the communities and complete the tasks launched on Twitter, Instagram, Discord, or Telegram. Huge rewards are waiting for you! To read more details about the ETH Merge gold rush, click the link here.
The major upgrade is expected to be bearish on the price of Ethereum, claiming that the current Ethereum futures term structure may point to a significant rally after the merge. In fact, as the upgrade approaches, the price of ETH has pumped: the asset was at the time of writing trading for $1,892.59, up 16.7% in the past week. Some crypto experts are also predicting that its price could double or quadruple after the merge. And because of that, I can conclude that If Ethereum’s transition to proof-of-stake ends up being successful, market makers will have to reverse their positions by going long spots and shorting Ethereum futures.