Here we are, roughly a month before one of the most consequential events in crypto history. Tentatively, on the 15th of September (depending on how mining difficulty changes), Ethereum is scheduled to finally begin the transition from its current Proof-of-Work consensus to Proof-of-Stake, in what has become known as “The Merge”. While the update will not affect the way that end-users interact with the blockchain, the new 2.0 version will handle validations differently, be less energy-intensive and, at least in the future, allow for more efficient scaling of the multi-billion dollar Ethereum ecosystem. It’s called The Merge due to the fact that the PoW Ethereum Mainnet will merge with the PoS Beacon Chain that developers have been building and testing on in anticipation of the live launch.
All you need to know about The Merge
All you need to know about The Merge
All you need to know about The Merge
Here we are, roughly a month before one of the most consequential events in crypto history. Tentatively, on the 15th of September (depending on how mining difficulty changes), Ethereum is scheduled to finally begin the transition from its current Proof-of-Work consensus to Proof-of-Stake, in what has become known as “The Merge”. While the update will not affect the way that end-users interact with the blockchain, the new 2.0 version will handle validations differently, be less energy-intensive and, at least in the future, allow for more efficient scaling of the multi-billion dollar Ethereum ecosystem. It’s called The Merge due to the fact that the PoW Ethereum Mainnet will merge with the PoS Beacon Chain that developers have been building and testing on in anticipation of the live launch.