What is the Ethereum (ETH) Merge
The Ethereum network is a blockchain that just transitioned from a “proof of work” to “proof of stake” model for verifying transactions on the blockchain. This update to the Ethereum network reduced energy consumption by approximately 99%, and overall the merge was a success. There was no impact to the userbase on Ethereum, and it’s back to business as usual participating on the various applications built on the network.
If you would like to learn more about the Ethereum merge, here are two great resources that will help clarify more of the specific details involved with this update to the network:
Article on the Ethereum Merge with Nerd Wallet [Click Here]
Podcast: Two Bored Apes on the Ethereum Merge [Click Here]
Diffusion of Innovation
Diffusion of Innovation is a concept that was written in a book by Everett M. Rogers in the 1960’s called “Diffusion of Innovations”
Link to Book: Diffusion of Innovations Book by Everett M. Rogers on Amazon
Considering the web3 space with blockchain, cryptocurrency, and NFTs have not reached mass adoption, it’s important to set clear expectations for what this means to anyone who participates in the space.
More specifically; the volatility and associated risk that comes with participating in new innovation, and how to communicate with others about web3 (and be prepared for scrutiny).
Fun fact: there’s approximately 84.0 million crypto wallets, globally, which represents approximately 1.05% of the total population. By that statistic, we are still in the “innovators stage” in terms of adoption.
Here is the source link for crypto wallet total.
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