Violet Verse-Miami ETH Merge Meet Up

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Violet Summer

By Violet Summer

BY VIOLET SUMMER

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September 14, 2022

SEPTEMBER 14, 2022

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Last updated October 27, 2022

In partnership with The Ethereum Foundation Ecosystem Support Program, the Verse presents The ETH Merge

We are excited to host an educational event for the ETH Merge 2022, and in honor of this historic event in tech history, the Ethereum foundation support program has granted $VV with a small grant and resources to bring the Miami community together!

The merge will only happen once. This is when Ethereum will move from proof of work to proof of stake. This will drastically cut down energy usage by 99.9 % making the protocol more sustainable and energy efficient. 

The new Proof of Stake will qualify as being active protocol operators when they stake 32 ETH! At this event, we'll be talking about what POS means for our future and why it's important that you get involved now before it's too late! During this time , do not move any of your ETH or create new smart contracts.



Explain To Me Like I'm 5

  • In a proof of work system, if the miners get more powerful computers and more of them, they can do something called a "51% attack" where they make a new kind of money. In a proof of stake system, if some people own lots of some cryptocurrency called tokens, and they try to start their own kind of money, it won't work.
  • We're trying to help the people who use Ethereum, which is a way for computers and people to talk to each other without banks. The old way was for people to help the computers talk to each other using big machines that waste a lot of electricity. The new way is for people to help the computers talk to each other with their own money.




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.**Disclaimer: Nothing on the Verse should be taken as financial advice. Please do your own research. $VV utility reflects engagement on the protocol, accessing token-gated content and community events.


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