🪙Ethereum merge
Ethereum merge Purpose - Transition from proof of work to proof of stake Why? - POS is more efficient then POW - More energy efficient - Able to upgrade to sharding later on to improve efficiency
Beacon chain was created (second test chain, created in 2020)
why? Encourage stakers (proof of stake) to move onto Beacon chain from original chain to ensure chain is secure before merging
2. The merge Beacon chain to EVM state
reduces electricity usage by 98.99%
Eth insurance (reduces gas fees by 3x)
Easier to become a validator - further decentralising the chain
September 2022 merge date
Last updated
