All you need to know about Merge Ethereum
The Ethereum blockchain will conduct the merger, in which the current Ethereum core network will be integrated with the Proof-of-Stake Beacon Chain.
🥇 Merge Ethereum is the first-ever precedent for the current blockchain to switch from the PoW (Proof-of-Work, mining) algorithm to PoS (Proof-of-Stake, stacking).
Whereas prior to the merge, the matching of new blocks was provided by miners, after the merge, this process will be handled by validators — Ethereum holders.
However, Ethereum Classic has no plans to switch to the Proof-of-Stake system.
After Merge, some global problems will be solved:
🚀 The scalability problem. Thanks to PoS, participation in the network will become more affordable. The amount threshold for stacking is 32 ETH.
🚀 Network congestion will be reduced, blockchain throughput will increase, resulting in lower transaction fees;
🚀 The power consumption of the mining equipment will be significantly reduced;
🚀 Providing a higher level of security for less money.
🗓 The approximate date for Merge Ethereum is September 15, 2022.
Are you waiting for the ETH Merge❓
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