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<ul><li>The update in the <keyword id="2810876" type="General" weightage="100" keywordseo="ethereum" source="Orion">Ethereum</keyword> network, also known as ‘the merge’ is scheduled between 13-15 September. </li><li>Ethereum prices have been climbing steadily, and trading at around $1,600/eth ahead of the ‘merge’ in mid-September. </li><li>Ethereum 2.0 is faster, more energy efficient and can also cost less. However, developers must wait a while before availing these benefits. </li></ul>One single transaction using <keyword id="6354947" type="General" weightage="50" keywordseo="bitcoin" source="Orion">Bitcoin</keyword> can light up the 160-storied Burj <a href="https://blog.ethereum.org/2021/05/18/country-power-no-more/">Khalifa</a>. While it’s no match to the world’s tallest building, an Ethereum transaction too takes as much energy it needs to light up the Leaning Tower of Pisa. Most cryptocurrencies in general generate electricity bills that equals the collective consumption of a small country. This is because mining of crypto requires using high power computers that need tons of electricity. Ethereum with its ‘big merge’ and the launch of Ethereum 2.0 intends to change that. What’s Ethereum Merge? This blockchain technology which is known for executing smart contracts, is taking the next big step towards efficiency in general, in addition to energy efficiency, costs and others. The Merge will divide the Ethereum network into smaller data blocks, making more transactions at greater speed in a process known as sharding. Ethereum 2.0 in its new avatar, can bring back some of the developers that this blockchain lost, most experts hope. “Developers building web 3 projects find Ethereum expensive as it asks for higher gas fees. But post Ethereum 2.0, these developers can even come back to Ethereum. The transition to proof-of-stake is expected to reduce Ethereum’s energy consumption by 99.95%,” said Naimish Sanghvi, co-founder of decentralized application MultiSender. ‘More use cases than Bitcoin’ As crypto enthusiasts, investors and others are looking forward to this, Ether, Ethereum’s native currency has been surging in value – trading at around $1,600/eth in ahead of the ‘merge’ in mid-September. They hope that Ethereum’s merger effects will increase the demand for the currency. In comparison, since July, Bitcoin has decreased 29% in value, according to CoinMarketCap, a global tracker website for cryptocurrency asset prices owned by Binance. Though Bitcoin value is still much ahead of Eth at $19,834. “There are more use-cases for Ethereum than Bitcoin as Bitcoin is a cryptocurrency and its use is restricted to financial transactions. Ethereum in itself is a blockchain with its native currency, Ether,” said Kaavya, founder of <keyword id="724825" type="General" weightage="50" keywordseo="lumos-labs" source="Orion">Lumos Labs</keyword>, a developer-centric metaverse platform. Here is what the merge means for crypto users. 1. Faster transactions Ethereum 2.0 aims to process 100,000 transactions per second that would significantly reduce the gas fees – the fees that developers or crypto users pay the blockchain to complete a transaction. After sharding, it can fit in more transactions, that’ll make it faster and easier to access. Since more users can use it, easily and going by the ‘economies of scale’ concept, it will turn cheaper too. 2. Less Gas Prices Ethereum currently can only process 30 transactions per second and the cost of transaction or gas fees can go as high as $100. Less number of transactions means higher gas fees. As the throughput increases after the merge, it can fall as low as $0.02 post-rollups, according to <keyword id="4462663" type="General" weightage="50" keywordseo="vitalik-buterin" source="Orion">Vitalik Buterin</keyword>, founder of Ethereum Network. 3. Mining more environmentally friendly, less energy intensive According to the <a href="https://blog.ethereum.org/2021/05/18/country-power-no-more/">Ethereum Foundation</a>, a single Ethereum 2.0 transaction will consume electricity equal to about 20 minutes of TV (35 watts). Buterin aims to reduce the energy consumption by 99.95%. Originally, to make a transaction, one requires high powered computers in order to solve the complex mathematical equations to earn rewards for mining or validating crypto transactions. Ethereum 2.0. requires much less energy to verify crypto transactions as it does not require validators to solve these complex equations and does not need hardware. 4. More decentralization Sharding, dividing the Ethereum blockchain into multiple data blocks will lead to more creators flocking to Eth 2.0 for building projects. A majority of web3 projects are based on Ethereum blockchain. Its applications are wide-ranged —making banking more customer-centric, redefining how digital payments are done without data being owned by third parties. It also aims to reduce reliance on fiat money. 5. Better security The <keyword id="1905050" type="General" weightage="50" keywordseo="solana" source="Orion">Solana</keyword> hack that wiped over $8 million from user assets, shows how vulnerable wallets are, to hacks. The switch to proof-of-stake for Ethereum will make it incredibly complex and expensive for hackers. While users can consume lesser power, hackers will need a lot more energy to crack it, making it extremely energy intensive. Every validator on the network will have a traceable address. There is much to look forward to from the merge, but it won’t produce immediate results. There would be stages that Ethereum 2.0 will have to go through to achieve its full potential. <a href="https://www.businessinsider.in/cryptocurrency/news/vitalik-buterin-says-the-ethereum-networks-upcoming-surge-will-boost-the-networks-scalability/articleshow/93037174.cms">Buterin</a> said at <keyword id="14909022" type="General" weightage="50" keywordseo="ethereum-community-conference" source="Orion">Ethereum Community Conference</keyword> on July 22 that Ethereum will only be about 55% complete after the ‘merge’. The complete merge will take place some time in 2023. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/personal-finance/news/investment-lessons-from-rakesh-jhunjhunwalas-1111-partner-utpal-sheth/articleshow/94008505.cms">Investment lessons from Rakesh Jhunjhunwala’s 1+1=11 partner, Utpal Sheth</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/stock-market/news/india-has-not-generated-outsized-returns-for-foreign-investors-says-ambits-nitin-bhasin/articleshow/94013159.cms">India has not generated outsized returns for foreign investors, says Ambit’s Nitin Bhasin</a>

Explained: What’s the Ethereum Merge and how it can change Eth value

<div class="KonaFilter image-container float_right"><div class="image on-image"><a href="http://www.flickr.com/photos/merchau/8548057127/">Flickr/mer chau</a></div></div>National and global rankings for colleges each year are based almost solely on standardized test performances and information about the school's resources (including endowment per student, student-faculty ratio, and graduation rates)
Dr. Daniel Sternberg at <a href="http://www.lumosity.com/" target="_blank">Lumosity</a>, a cognitive training site run by Lumos Labs, sought to find out with a series of games which of America's leading higher <keyword id="6355445" type="COMPANY" weightage="100" keywordseo="Education">education</keyword> institutions was actually the most intelligent.
He and his team tested 70,000 students from colleges and universities (with a minimum of 50 <keyword id="1939082" type="COMPANY" weightage="60" keywordseo="Lumosity">Lumosity</keyword> users) nationwide with games that measured various cognitive skills including attention, memory, speed of processing, problem solving, and flexibility.
This year, Tufts University was ranked highest in attention, while Dartmouth was best in speed. The Massachusetts Institute of Technology placed first in both memory and problem solving, and Yale University was ranked the highest for flexibility.
The overall winner was Washington University in St. Louis, squeaking past <a href="http://www.businessinsider.com/the-20-smartest-colleges-in-america-2012-11" target="_blank">last year's winner, MIT</a>, as well as beating powerhouse institutions such as Harvard, Yale, and Princeton for the title.
Of course, <a href="http://www.businessinsider.com/inside-the-smartest-colleges-ranking-2013-9" target="_blank">as we've written about before</a>, there are two major downsides to this method of analysis: First, Lumosity only sampled people who were willing to play their games, which left off a number of top schools and liberal arts colleges, including CalTech. Secondly, there is no peer-reviewed research demonstrating that the Lumosity games are reliable or valid measures of intelligence.
But check out the top 30 Lumosity schools below anyways to get some bragging rights. (<a href="http://blog.lumosity.com/wp-content/uploads/2013/11/SmartestColleges2013_white-paper.pdf" target="_blank">See the full ranking and analysis here</a>.)
1. Washington University in St Louis
2. Massachusetts Institute of Technology
3. Princeton University
4. Northwestern University
5. Carnegie Mellon University
6. University of Chicago
7. Rice University
8. Harvard University
9. Yale University
10. Dartmouth <keyword id="6360288" type="COMPANY" weightage="60" keywordseo="college">College</keyword>
11. Tufts University
12. Stanford University
13. Georgetown University (TIE)
13. University of Notre Dame (TIE)
15. University of Virginia
16. Duke University
17. Bucknell University (TIE)
17. Vanderbilt University (TIE)
19. College of William and Mary (TIE)
19. Boston College (TIE)
21. Bowdoin College
22. Johns Hopkins University
23. Cornell University (TIE)
23. University of California-San Diego (TIE)
23. Georgia Institute of Technology (TIE)
26. Columbia University in the City of New York
27. Worcester Polytechnic Institute
28. Boston University
29. Wheaton College
30. Case Western Reserve University

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Explained: What’s the Ethereum Merge and how it can change Eth value

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