A New Way to Mine Ethereum and Reduce Its Carbon Footprint by 99%
Learn Why the Ethereum “Merge” is Big Blockchain News
There’s something going on right now in crypto, and it's the biggest thing since the creation of crypto 13 years ago. It's called The Merge. It's got everybody in the crypto community really excited. So here's the deal. You know, the two largest coins, Bitcoin, of course, the very first one and Ethereum, between the two of them, they've got about 70% of the market share. They're the Coke and Pepsi of crypto. And you've heard of crypto mining. That's how new Bitcoin are created. That's how new Ethereum are created. Mining gets a lot of criticism because it uses millions of computers around the world to do complex calculations to create to mine Bitcoin and Ethereum. All that computer energy produces a lot of CO2 emissions. And that's why you've heard that Bitcoin is bad for the planet. Ethereum does the same thing. It's bad for the planet too. But now we have “The Merge.”
Ethereum is moving to a different blockchain platform. Instead of doing mining to create more coins, it's doing something different called staking. I'm not going to bother explaining the difference between mining and staking here. It takes about a chapter. Yeah. And that's where you'll find that chapter - in my new number one bestseller, The Truth About Crypto, if you want to learn the difference between mining and staking. But the point is this, staking as a technology uses less energy than mining, how much less? Get this, 99.95% less. That's astonishing. So all the concern that people have about crypto being bad for the planet, that's only true for mining. It's not true for staking. And not only that, not only does it solve the energy problem, but one of the byproducts of this is that staking allows you to generate income at the same time you're producing more coins.
Now you begin to get an understanding as to why everybody is so excited about The Merge. But this is like talking shop. You don't have to worry about the details of all this. The point is this you shouldn't have to pay close attention to crypto on a day-to-day basis. This is why everyone is so excited about The Merge. It's the biggest thing in crypto since the launch of bitcoin 13 years ago. You've probably never even heard of The Merge, however, and frankly, nor should you have.
You shouldn't have to pay close attention to crypto on a day-to-day basis. That's no fun. You don't have the time for it anyway. You don't pay attention to the stock market every day. Why should you pay attention to the crypto market every day? That's why so many financial advisors tell their clients to use funds. Let professional money managers manage your investments for you. You use stock funds for your stock portfolio. You should use crypto funds for your crypto exposure. That's why I invest in funds from Bitwise Asset Management. In fact, it's also why I invested in the company. They're the oldest crypto fund manager. More than 1,000 financial advisors across the country have put client’s assets into their funds and that includes Jean and me. So I invite you to learn more about The Merge and more about the funds that are offered by Bitwise. So you can go to BitwiseInvestments.com or talk to your financial advisor.