Knowledge Drop -Ethereum's Merge
The upcoming Ethereum Merge is the biggest update yet to the Ethereum Blockchain, probably the whole crypto space. But there appear to be a lot of misconceptions and unknowns about what it actually does. So let's dive into the most important points about this upgrade. The change of the consensus mechanism from proof of work (PoW) to Proof of stake (PoS) This is the whole point of the Merge. By switching to PoS the Ethereum Blockchain reduces its energy consumption by over 99%, because th...
Knowledge Drop -Ethereum's Merge
The upcoming Ethereum Merge is the biggest update yet to the Ethereum Blockchain, probably the whole crypto space. But there appear to be a lot of misconceptions and unknowns about what it actually does. So let's dive into the most important points about this upgrade. The change of the consensus mechanism from proof of work (PoW) to Proof of stake (PoS) This is the whole point of the Merge. By switching to PoS the Ethereum Blockchain reduces its energy consumption by over 99%, because th...
