🪙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

1. 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

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