A historic overhaul of the second-largest blockchain network is expected to cut its energy costs by 99.95%, but it won’t decrease network fees or improve transaction speeds.

A historic overhaul of the second-largest blockchain network is expected to cut its energy costs by 99.95%, but it won’t decrease network fees or improve transaction speeds.

Ethereum, one of the most popular cryptos, is expected to complete its transition to a new system for processing transactions within the next couple of weeks. The network’s shift from proof-of-work (PoW) to proof-of-stake (PoS) has been years in the making.

However, shifting timelines, nixed plans and mixed messages from Ethereum’s core developers have raised fundamental questions about what it all means. Will the merge affect the ETH-based cryptocurrencies, such as TAMADOGE?  

Will the Merge increase the price of ether (ETH)?

It’s hard to say. With so many variables and unknowns, it is impossible to predict what will happen to Ethereum’s token price as a result of the Merge.

The Ethereum community has for years positioned the Merge as a massive upgrade to the network’s core technology. Along with addressing concerns about the network’s environmental impact, PoS will introduce a new form of utility for Ethereum’s native ether (ETH) token in the form of staking. It will also decrease the rate at which ETH is issued, which could be a boon for its price.

But not everyone is sure that the Merge will boost the price of ETH. The upgrade may already be priced-in by the market. There is also a risk (however small) that the Merge will run into hiccups, or that PoS will prove less secure than PoW in the long run.

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Will Ethereum users or ETH holders need to take any action after the Merge?

No. If you hold ether (ETH) today, you won’t need to claim new “PoS ETH” or “ETH2” tokens. Your balance will remain exactly the same after the Merge, and you’ll be able to resume using the network as if nothing has changed.

While Ethereum users will not need to take any action after the Merge, Ethereum software providers and node operators (the computers that operate the Ethereum network) will need to update their software to ensure they are communicating with the latest version of the network.

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What’s on the Ethereum roadmap after the Merge?

After the Merge, Ethereum’s core developers will continue working on the open-source network as they did before, with improvements to network fees, speeds and security slated for the months and years ahead.

One focus for developers post-Merge will be sharding, which aims to expand Ethereum’s transaction throughput and decrease its fees by spreading network activity across several “shards” – almost like lanes on a highway. 

Also on the roadmap is enshrined proposer builder separation (PBS), which will separate the “builders” that add transactions to blocks from the “proposers” who put them forward for approval from the wider network. PBS is pitched as a way to help tackle Ethereum’s maximal extractable value (MEV) problem.

Finally, most investors that put their money in projects/cryptos based on the ETH technology are wondering what’s going to happen to those coins after the merge.

One of the interesting projects that are using the ETH tech is TAMADOGE, a meme coin launched in July 2022 and it is climbing its way up.

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TAMADOGE 

Tamadoge is the currency at the centre of the Tamaverse, allowing you to create, breed, care for and battle your TAMADOGE pets. This is a memecoin with utility. Launching in July 2022, TAMADOGE is a deflationary cryptocurrency whereby users can battle to climb up the leaderboard by gaining Dogepoints.

Users with the most Dogepoints at the end of each month will be able to claim their winnings from the monthly Dogepool. Your Tamadoge will grow with you, becoming stronger over time, but make sure you look after them. If you leave your Tamadoge for too long then they’ll end up as a Tamaghost.

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What to expect for ETH crypto like TAMA

There’s a lot of interesting projects that are going to be affected by this merge. One of them is TAMADOGE.

With ETH expecting to cut its energy costs by 99.95%, that should make things easier for the eth-based projects. With decreased costs and improved technology, it looks like things are heading for the better for TAMA and other ETH-base cryptos.  

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How to buy TAMADOGE? 

STEP 1

To begin, make sure you have a MetaMask wallet installed on your browser, or use one of the wallets supported by Wallet Connect (we recommend Trust Wallet).

Purchasing on a desktop browser will give you a smoother purchasing experience. For this we recommend Metamask.

If you are purchasing on mobile, we recommend using Trust Wallet and connecting through the in built browser (just copy https://buy.tamadoge.io into the Trust Wallet Browser).

STEP 2

Once you have your preferred wallet provider ready, click “Connect Wallet” and select the appropriate option. For mobile wallet apps you will need to select “Wallet Connect”.

You will then have 3 options

  1. Buy ETH With Card. This option will allow you to purchase ETH that will be sent to your wallet by our partner, Transak. You will then be able to use this ETH to purchase TAMA. Click “Buy Eth With Card” to begin and follow the on screen steps. We recommend purchasing a minimum of $15 worth of ETH to cover the minimum TAMA purchase.
  2. Buy TAMA With ETH. Once you have sufficient ETH in your wallet (if you do not have ETH or USDT, please select option 1 to purchase ETH first), you can now swap your ETH for TAMA. Type in the amount of TAMA you wish to purchase (1,000 minimum) and then click “Convert Eth”. Your wallet provider will ask you to confirm the transaction and will also show you the cost of gas.
  3. Buy TAMA with USDT. Please ensure you have at least $15 of USDT in your wallet before commencing the transaction. Type in the amount of TAMA you wish to purchase (1,000 minimum). Click “Convert USDT”. You will then be asked to approve the purchase TWICE. The first approval is for the USDT contract and the second is for the transaction amount. Please ensure you go through both approval steps in order to complete the transaction.

STEP 3

Once the presale has concluded, you will be able to claim your TAMA tokens. We will release details closer to the time, however you will need to visit the main site https://tamadoge.io and click on the gold “Claim” button.

Tamadoge Contract

Use the contract information below to add the TAMA token to your wallet.

Address: 0x12b6893cE26Ea6341919FE289212ef77e51688c8

Decimals: 18

Token symbol: TAMA

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Final Words

Sometimes you win, sometimes you lose. Remember, never invest the money that you can’t live without. And, as we’re always saying, before doing any investing – you need to do your own research before deciding to invest.