How will The Merge change Ethereum
The transition from PoW to PoS has changed the way the Ethereum blockchain verifies transactions. Rather than using miners who consume large volumes of computing power to validate and create new blocks, validators now can stake the native Ethereum coin ETH to the network, therefore dramatically reducing energy consumption. With respect to Ethereum, a new block is currently finalised around every 13th second. In these 13 seconds, every miner fights to be the one to finalise the block. This inv...
How will The Merge change Ethereum
The transition from PoW to PoS has changed the way the Ethereum blockchain verifies transactions. Rather than using miners who consume large volumes of computing power to validate and create new blocks, validators now can stake the native Ethereum coin ETH to the network, therefore dramatically reducing energy consumption. With respect to Ethereum, a new block is currently finalised around every 13th second. In these 13 seconds, every miner fights to be the one to finalise the block. This inv...
