{"id":67150,"date":"2022-09-14T15:12:12","date_gmt":"2022-09-14T12:12:12","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=67150"},"modified":"2025-09-07T05:07:34","modified_gmt":"2025-09-07T02:07:34","slug":"joseph-lubin-calls-the-merge-the-crypto-industrys-third-major-milestone","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/joseph-lubin-calls-the-merge-the-crypto-industrys-third-major-milestone\/","title":{"rendered":"Joseph Lubin calls The Merge the crypto industry&#8217;s third major milestone"},"content":{"rendered":"<p>The transition of the second-largest cryptocurrency network to the <a href=\"https:\/\/forklog.com\/en\/news\/ethereums-move-to-proof-of-stake-pos-what-you-need-to-know\">Proof-of-Stake<\/a> consensus algorithm will be &#8216;extremely efficient&#8217;. This view was expressed by ConsenSys founder and Ethereum&#8217;s co-founders, Joseph Lubin.<\/p>\n<blockquote class=\\\"twitter-tweet\\\">\n<p lang=\\\"en\\\" dir=\\\"ltr\\\">\u201cWe think it&#8217;ll be enormously impactful,\u201d says Ethereum Co-Founder Joseph Lubin on the company merger. <\/p>\n<p>The long-anticipated software change, \u201cthe Merge\u201d to crypto fans worldwide, will lower Ethereum\u2019s energy use by 99% <a href=\\\"https:\/\/t.co\/N9mdd17Jkj\\\">https:\/\/t.co\/N9mdd17Jkj<\/a> <a href=\\\"https:\/\/t.co\/3GhOEU1aq0\\\">pic.twitter.com\/3GhOEU1aq0<\/a><\/p>\n<p>\u2014 Bloomberg TV (@BloombergTV) <a href=\\\"https:\/\/twitter.com\/BloombergTV\/status\/1569766854649946116?ref_src=twsrc%5Etfw\\\">September 13, 2022<\/a><\/p><\/blockquote>\n<p> <script async src=\\\"https:\/\/platform.twitter.com\/widgets.js\\\" charset=\\\"utf-8\\\"><\/script><\/p>\n<p>In his view, for the end user <a href=\"https:\/\/forklog.com\/en\/news\/the-merge-what-to-expect-from-ethereums-largest-update\">The Merge<\/a> will go unnoticed.<\/p>\n<blockquote class=\\\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\\\">\n<p>\u201cIt&#8217;ll be as smooth as if your iPhone or laptop automatically updated its operating system overnight,\u201d explained Lubin.<\/p>\n<\/blockquote>\n<p>The founder of ConsenSys suggested that the upgrade would be the third major event in the crypto industry after Bitcoin&#8217;s introduction and Ethereum&#8217;s creation.<\/p>\n<p>According to the countdown timer, <a href=\"https:\/\/forklog.com\/en\/news\/google-launches-countdown-to-the-merge-activation\">launched by Google<\/a>, just over 17 hours remain until the mainnet migrates to PoS.<\/p>\n<figure class=\\\"wp-block-image\\\"><img decoding=\\\"async\\\" src=\\\"https:\/\/lh4.googleusercontent.com\/0sV1oV0SKx38-qlYi7KE2GxP6mG7xnXuN4ha8CeEmFP-BsX8xJDNg3ZJPsMZXHlVrV-nshrO5a_AoCjJM8Y4vmQOc-ZG3Tsxl3l8uYtfE62ZmF26PqPj9E7QXTASRoqFI5a8XLZbo099nENxCvojPGfU7hCJ6YRwC7uLafXYZ0Oo6imsWiBH9Jr3hg\\\" alt=\\\"Joseph Lubin called The Merge the third major event in the industry\\\"\/><figcaption>Data: Google.<\/figcaption><\/figure>\n<p>Ahead of the merge, Ethereum&#8217;s price fell 8.1% in the last 24 hours (<a href=\\\"https:\/\/www.coingecko.com\/ru\\\">CoinGecko<\/a>). At the time of writing, the asset was trading near $1,590.<\/p>\n<figure class=\\\"wp-block-image\\\"><img decoding=\\\"async\\\" src=\\\"https:\/\/lh4.googleusercontent.com\/qFnXu94KxnhY8XXeUuTtwQ2vbGAu3IbkKZdn2-gG6JjQ3bZ9bi4pSSQeGcv_sBhZffsRtPDiOdDkUNJJ8eDd1A9vyD_YLoxIyAFnSE4Sopt4YsqhXU39G4Jp3IJgjT-q7qPrKeLPNvLhl3rAS9z9Gacj0B-2Ss404SZBdxtYXth5CM4VZoQ1hXF7Vw\\\" alt=\\\"ETH\/USD hourly chart on Binance. Data: TradingView.\\\"\/><figcaption>ETH\/USD hourly chart on Binance. Data: TradingView.<\/figcaption><\/figure>\n<p>On 6 September, Ethereum developers <a href=\"https:\/\/forklog.com\/en\/news\/ethereum-developers-activate-bellatrix-upgrade\">activated<\/a> the Bellatrix update. The upgrade is the final step before The Merge.<\/p>\n<p>Former BitMEX CEO Arthur Hayes suggested <a href=\"https:\/\/forklog.com\/en\/news\/arthur-hayes-forecasts-ethereum-to-hit-3000-after-the-merge\">a rally in Ethereum&#8217;s price to the $3,000 level<\/a> after the mainnet&#8217;s transition to PoS.<\/p>\n<p>Read ForkLog&#8217;s bitcoin news in our <a href=\\\"https:\/\/telegram.me\/forklog\\\" target=\\\"_blank\\\" rel=\\\"nofollow noopener\\\">Telegram<\/a> \u2014 cryptocurrency news, rates and analytics.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The transition of the second-largest cryptocurrency network to the Proof-of-Stake (PoS) consensus algorithm will be &#8216;extremely efficient&#8217;. This view was expressed by ConsenSys founder and Ethereum&#8217;s co-founders, Joseph Lubin.<\/p>\n","protected":false},"author":1,"featured_media":67151,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[46,1548],"class_list":["post-67150","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-ethereum","tag-joseph-lubin"],"aioseo_notices":[],"amp_enabled":true,"views":"38","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/67150","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=67150"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/67150\/revisions"}],"predecessor-version":[{"id":67152,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/67150\/revisions\/67152"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/67151"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=67150"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=67150"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=67150"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}