Ethereum 'Merge' has huge implications for crypto mining and Bitcoin
The world’s second-largest cryptocurrency is undergoing a significant transformation that will change its technology to cut carbon emissions by more than 99 per cent, according to its platform Ethereum. The transition known as "the Merge" is coming to Ethereum, which will upgrade its blockchain technology from the intensive energy-consuming model used by its rival Bitcoin.
The first part of the Merge upgrade began on September 6 with the Bellatrix upgrade, which will mark a so-called "hard fork" which will convert Ethereum from a proof-of-work (PoW) to a proof-of-stake (PoS) base. The Ethereum development team Nethermind said on September 10 that it had completed the prerequisite shadow fork test, which stress-tests synchronisation assumptions to ensure network safety. The previous one was performed in April and this was the final one. Both mechanisms are used to confirm transactions.
Source
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