Before ETH drops further, set some money aside for surprise taxes
Cointelegraph
Published Oct 19, 2022 07:44PM ET
Updated Oct 20, 2022 09:40PM ET
Ethereum’s Merge dominated the crypto world in September with promises of quicker transaction times, improved security and a 99% reduction in energy consumption. However, will you end up with a surprise tax bill too? Let’s examine.
During the Merge event, the Ethereum mainnet — the then current proof-of-work (PoW) blockchain — merged with the proof-of-stake (PoS) Beacon Chain, marking the end of PoW as the consensus mechanism for the Ethereum blockchain.
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Written By: Cointelegraph
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