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“The Merge” of the Ethereum
October 16 , 2022
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- Ethereum is the world’s second most valuable cryptocurrency.
- Ethereum completed its migration from Proof-of-Work (PoW) to Proof-of-Stake (PoS) on mainnet.
- It is also known as the Merge.
- It promises to ramp up security of the cryptocurrency while claiming to cut down on its carbon footprint.
- ‘The Merge’ will make transactions on the Ethereum network extremely secure.
- Ethereum is a decentralised cryptocurrency.
- It does not have institutions like banks approving the transactions that happen on its network.
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