Ethereum Successfully Executes Highly-Anticipated Merge Event, Ushering in Proof-of-Stake Era
At long last, the Ethereum merge has arrived. At 2:45 am EST, the Ethereum network successfully began its transition—with no hiccups—from proof of work to proof of stake, a historic feat anticipated by the crypto community for over five years.
The upgrade has forever changed both how ETH is created and how transactions on the Ethereum network are validated. Up until the moment of the merge, ETH was generated by “mining,” an energy-intensive process by which individuals directed huge amounts of computer power at difficult-to-solve puzzles. The transition is anticipated to be faster, more scalable, and over 99% more environmentally friendly.
Source
https://t.me/Cash_Blockchain_News
