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00:00Is this the last. Likely it. How likely is it it's actually going to happen on this date. I know there has been a bunch of dates thrown around in the past week or so last week. We knew it would happen probably in September but now we know it's gonna be probably September 15th. But this date could still change because if Miriam developers are basically looking to see how many computers are supporting the network if the number of these computers declines rapidly they might pull forward the date. So could still change. And what will change once the merge happens. So basically what will changes the power consumption of the ethereal network. It will decline by more than 99 percent. So today transactions on the network are ordered by computers gold miners that take up a lot of energy. And after this upgrade it's going to be done differently and the much more energy efficient way. What are the implications for other block chains. I think some of the older block genes that still use minors still use this power hungry computers might feel more pressure to switch to something more environmentally friendly as well. But the fact is a lot of the newer block genes already use a sort of similar technologies to what a theorem is moving to. So I think we'll see more investments into this type of block. Gene.

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Crypto Report: Ethereum Merge Set for Sept. 15

Bloomberg's Olga Kharif joins Emily Chang to talk about the upcoming Ethereum blockchain Merge, now set for September 15 by the core developers working on the software update, and how it will reduce energy use. (Source: Bloomberg)

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