@Benerci 15 September 2022 more from that month

What the Ethereum Merge Means for Ordinary Users—And What It Doesn’t Ethereum is going to be different. But what exactly does that mean to you? Find out here. Ethereum's long-awaited move to proof of stake—dubbed "the merge"—is finally happening. A lot is going to change. But a lot is also going to stay the same. The Ethereum merge is here. The long-awaited upgrade to the second biggest cryptocurrency by market cap is expected to take place tonight, based on current estimates. So, what does that mean for you, the ordinary user or investor? Whether you’re holding your life savings in the asset or just 0.01 ETH, the network’s move from a proof-of-work blockchain to a proof-of-stake one will make things different. But what exactly? What is the merge? The merge is Ethereum’s much-publicized move to proof of stake. Right now, the cryptocurrency’s network uses the same consensus network as Bitcoin: proof of work. This highly energy-intensive way of keeping the network secure uses huge amounts of electricity (more than entire countries) in order to process new transactions on the network Proof of stake is different, though. Rather than using miners, validators are needed. Validators can be anyone with at least 32 ETH available to “stake,” or pledge, to the network. Users can also participate with smaller amounts of ETH through staking pools or cryptocurrency exchanges. Today is the day Ethereum makes the move to that consensus mechanism. This way of doing things is a solution to proof of work’s energy consumption: the Ethereum Foundation claims it will make the network more than 99% more energy efficient. Proof of stake is different, though. Rather than using miners, validators are needed. Validators can be anyone with at least 32 ETH available to “stake,” or pledge, to the network. Users can also participate with smaller amounts of ETH through staking pools or cryptocurrency exchanges. Today is the day Ethereum makes the move to that consensus mechanism. This way of doing things is a solution to proof of work’s energy consumption: the Ethereum Foundation claims it will make the network more than 99% more energy efficient. #ethereum #merge #pow #pos