Ethereum 2.0: How Blockchain App Factory is equipped to withstand post-merger changes

Blockchain App Factory, a pioneer in Web3 development, is now gearing up to help startups perform well in the Ethereum network’s “The Merge” post.

CHENNAI, TAMIL NADU, INDIA, September 16, 2022 /EINPresswire.com/ — As the world prepares for “The Merge” of the most popular Ethereum blockchain, Blockchain App Factory, a company with extensive Web3 expertise, has already defined development models for projects. We all know that The Merge is about to convert the Ethereum blockchain from Proof-of-Work (POW) mechanism to Proof-of-Stake (POS) mechanism, bringing many benefits and removing redundancies. The process is also expected to reduce electricity consumption by 99%, making Ethereum an energy-efficient network. Blockchain App Factory, an advocate for sustainable blockchains, is ready to strive to bring energy-efficient blockchain applications to its customers.

Ethereum is scheduled to undergo the transition on September 15, 2022 at 10:00 p.m. PT, which will be streamed live on the Ethereum YouTube channel, with participatory discussions from notable members involved with the network. The event is scheduled to begin two hours before the scheduled merge, and viewers can obtain POAP (Proof-of-Attendance-Protocol) tokens as souvenirs from the event. By the time most of you are reading this, the merger would already be complete and the changes could ripple through the crypto market.

The merge is set to change the way new blocks are created in Ethereum after gaining approval from node controllers. While currently control is in the hands of miners who have extensive computing resources to mine Ethereum blocks to earn rewards, it will shift to validators, who will need to invest or stake Ether ($ETH) to verify transactions.

The network already faces congestion from time to time due to its low blocking speeds or throughput. Adding fuel to the fire, gas fee wars have become common as miners are willing to process transactions from people willing to pay higher gas costs. Both issues first became deadly during the NFT boom of 2021, when the Web3 ecosystem grew in scope and size. Trading platforms, such as the ones developed by Blockchain App Factory, faced lesser issues on the trading side, as these were related to transactions through the blockchain, and all of the above is basically simple.

The merger is an essential step in making Ethereum efficient in terms of transactions and gas costs. While the main conversion will take place on September 15, the seeds were sown long ago, in December 2020, when the Beacon Chain, a separate network based on the POS mechanism, was launched. With some forks on the Ethereum network and the Beacon Chain, The Merge is an initial process, and there is still a lot to do. There are events such as Surge, Purge, and Splurge planned by Ethereum developers that will reduce gas fees, decentralize the network, and speed up transactions.

Like a blockchain development company, Blockchain App Factory helps companies get started in the Internet of tomorrow. The company’s 150+ blockchain developers have the expertise to build blockchain-based applications and build layered blockchain networks for businesses that need it. Like The Merge, the company’s experts can perform upgrades for various L1, L2, and L3 blockchain applications in the best possible way. Responding to customer demands with its access to advanced technical stacks makes Blockchain App Factory the ideal solution for companies looking for innovative decentralized solutions.

Apart from excellent blockchain development, Blockchain App Factory can also create and launch various Web3 applications. The company has helped launch more than 200 unique projects over 7 years, including NFT marketplaces, IoT launch pads, NFT games, metaverse apps, and decentralized finance (DeFi) platforms. The company also offers consulting and marketing services for these businesses with its staff of over 500 people. Its customer base spans the globe, with several notable names on its roster. The company can be the perfect place if a budding business wants to set foot in the blockchain space.

FBA
Blockchain App Factory
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