The Ethereum network underwent a significant upgrade in 2022 with the Ethereum merge, which integrates the Ethereum network with the Ethereum 2.0 upgrade. The merge was expected to improve the network’s functionality and energy efficiency significantly. However, experts in the cryptocurrency world argue that the upgrade has yet to have the kind of impact expected.
What Is the Ethereum Merge?
The Ethereum merge is a significant upgrade to the Ethereum network, which integrates Ethereum 1.0 with Ethereum 2.0. The upgrade aimed to fix issues with the current network, including slow transaction times and high fees. It aimed at changing the way Ethereum fundamentally operates, significantly improving its functionality. Ethereum’s blockchain adopted the new system after years of running two parallel network versions. The merger would see Ethereum adopt the PoS and vacate the PoW as they regard it energy intensive. Ethereum hoped to achieve 99% energy efficiency by adopting the new system. The Ethereum merger could lead to renewed interest and investment in Ethereum, boosting its value and driving growth in the wider cryptocurrency space. Moreover, this upgrade could also enhance smart contracts, thereby paving the way for improvements in other blockchain networks, signaling a new era of technology and investment in the industry.
Avorak AI
Artificial intelligence is already transforming industries such as automobiles, construction, manufacturing, and healthcare. AI crypto is introducing similar solutions to the cryptocurrency market by using advanced machine learning algorithms, Avorak AI is specifically built for blockchains and trading solutions. It deploys new insights and trends in the crypto industry, which could spark renewed interest and vigor in investments. Avorak Trade is a crypto trading tool provided by Avorak AI to monitor markets 24/7 and execute profitable trades. It handles voluminous data to determine positive indicators and can be configured to trade on behalf of busy investors automatically. As CryptoTV explains. Avorak tools simplify human tasks and eliminate human errors resulting from fatigue and biased decisions.
Avorak AI is trending in its record-breaking ICO that has seen its token price surge 291.67% to $0.235. ICO investors enjoy early gains in bonuses and expect more privileges, especially staking rights, when the project launches. The project will launch at $1, signifying a 17x before listing on Azbit, PancakeSwap, LAToken, and Coinsbit.
Avorak has entered the content generation space with its advanced AI tool, Avorak Write, which aims to address issues of repetitive text and plagiarism common with the current AI tools.
How Can AI Crypto Help with the Ethereum Merge
The Ethereum merge has been completed successfully, but it has yet to have the impact on the cryptocurrency markets as widely expected. The merge day realized a drop in Ethereum price, implying that traders are shifting their investments to alternatives.
The Ethereum merge could achieve the intended purpose by deploying AI crypto solutions. Avorak AI could provide a way to rejuvenate interest in cryptocurrencies by delivering new insights and innovations. AI can help optimize PoS systems by identifying patterns and trends in the network’s behavior, which can be used to inform the network’s design and operation. Avorak AI can also help improve the speed and reliability of transactions on the Ethereum blockchain. By analyzing the network in real-time, AI systems can identify blockages and system delays and suggest changes to optimize transaction times and reduce fees.
Wrap Up
Despite the upgraded functionality, the Ethereum merge has yet to result in the kind of renewed interest in cryptocurrency that many had expected. Some analysts point to a need for more relevant innovation and sufficient new technologies in the cryptocurrency market. However, new AI technologies like Avorak AI could significantly bring efficiency to consensus mechanisms across the board.
Get more information on Avorak AI and ICO here:
Website: https://avorak.ai
Buy AVRK: https://invest.avorak.ai/register
