The Merging of Ethereum PoS (Proof of Stake) beacon chain and Ethereum mainnet is approaching quickly. This will be a monumental achievement if all goes correctly and mark a paradigm shift for Ethereum. On September 15th Ethereum will attempt to switch to Proof-of-Stake from the current PoW (Proof-of-Work) model. This will eliminate the huge energy cost of running the Ethereum blockchain as well as slash the inflation rate of Eth. Switching consensus mechanisms while the blockchain is already running is akin to fixing a plane engine at 35,000 feet. A massive and risky undertaking but a necessary one.
The Merge
The Merge
The Merge
The Merging of Ethereum PoS (Proof of Stake) beacon chain and Ethereum mainnet is approaching quickly. This will be a monumental achievement if all goes correctly and mark a paradigm shift for Ethereum. On September 15th Ethereum will attempt to switch to Proof-of-Stake from the current PoW (Proof-of-Work) model. This will eliminate the huge energy cost of running the Ethereum blockchain as well as slash the inflation rate of Eth. Switching consensus mechanisms while the blockchain is already running is akin to fixing a plane engine at 35,000 feet. A massive and risky undertaking but a necessary one.