Ethereum Merge
Anticipating the Coming Ethereum Merge Moving the blockchain from proof of work to proof of stake could be a game changer but does not come without concerns. By Armin Rezaiean-Asel Product Manager at Coinbase.
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The Merge is set to shift Ethereum to an alternate framework called proof of stake which requires less energy.
. The Merge is the most significant update to Ethereum since its launch in 2015 As crypto approaches an inflection point of mainstream adoption hard questions have arisen about the sustainability security and scalability of its leading networks. The Ethereum merge will reduce energy consumption by 999 The major problem that halted Bitcoin institutional adoption was energy consumption ETH institutional adoption is about to sky rocket in 2023. In a proof-of-stake system computers dont burn energy racing to verify.
On August 10 2022 Ethereum completed the Goerli public testnet merge its final trial before making the migration from Proof-of-Work PoW to Proof-of-Stake PoS on mainnet also known as the MergeEthereum is now anticipated to complete the Merge on or around September 15 2022. 265 of Ethereum nodes still havent upgraded its clients to a Merge-compatible version which is a necessary step in order to operate on the post-Merge network. A collection of ethereum.
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