The Future of Ethereum in a Meme: Ultrasound Money

The “ultrasound money” meme has been running in Ethereum based circles for some time, gaining momentum as the asset rises and rises in value during this bull market. While it is considered a joke by many, like a myriad of memes, it hides a very complex array of factors that contribute to Ethereum’s newfound status. […]

The Future of Ethereum in a Meme: Ultrasound Money

The "ultrasound cash" image has been running in Ethereum based circles for quite a while, acquiring energy as the resource rises and ascends in esteem during this buyer market. While it is viewed as a joke by many, similar to a bunch of images, it conceals a perplexing cluster of components that add to Ethereum's newly discovered status.

In any case, it isn't without its faultfinders from the Bitcoin side. The 'Ultrasound Money' Meme Explained If you have blended in inward Ethereum digital currency circles, you likely have heard the words "ultrasound cash," utilized as an image to clarify what the Ethereum network will become when it goes to evidence of-stake (PoS). However, images, being as they are, are a finished rearrangements of the subject, and neglect to depict the entire instrument behind it. Generally, the ultrasound cash image serves to deride bitcoiners who depict bitcoin (BTC) as a "sound" cash resource, which means this that isn't at risk to unexpected devaluation in its worth. Worked by Justin Drake, a specialist from the Ethereum Foundation, the image surfaced on Twitter a year ago on September 10.

It contrasted the issuance of Bitcoin and the new issuance of Ethereum once EIP1559 (an enhancement for how the organization charges exchanges) and the change to confirmation of stake agreement are initiated on the Ethereum blockchain. The image has gotten steam from that point forward, alluded regularly to in online media. Yet, what's the significance here? whenever covered stock BTC is sound cash