Since Ethereum was launched in 2015, the dream of moving to proof-of-stake has been in the minds of every core-developer. In Q2 of 2022, it will become a reality, as Ethereum undergoes “the merge”. It will be the culmination of years of work by hundreds of people, and once completed will go down as one of the greatest achievements in the history of cryptocurrency. Once finished, Ethereum will have completely moved from a “Proof of Work” based consensus mechanism, to the more secure, scalable, and energy-efficient “Proof of Stake”. It’s importance cannot be overstated, as proof-of-stake is a necessary move to ensure the long-term sustainability of the network. While many have lamented the incredibly-slow development process, ensuring the utmost care and security during the merge-process is paramount.
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7 thoughts on “How does the Ethereum Merge actually work? A technical explanation”
ETH is ready to fly above the sky
ETH is like a little bird waiting for fly and make everyone happy.
Q2 of 2022 you say? Yes please.
Kind of ironic isn’t it? I love ethereum and I hold a sizable bag but it’s not right that Cardano gets heat for taking long to launch while Ethereum is excused.
Anyway, can’t wait for my staked Eth to unlock so I can move it out of Coinbase lol
Will not fix excessive fees.
My wallet and myself are ready for the hype 😊
How the merge works for me*
I keep my ETH liquid…and while everyone else is locked in beacon chain prison, I dump on their heads in a hype cycle before it happens…while they can’t sell.