What Is The Ethereum Merge?

One of the most eagerly awaited cryptocurrency events in history is the Ethereum Merge.

– Ethereum Mainnet uses proof-of-stake, but this wasn't always the case.

– The upgrade from the original proof-of-work mechanism to proof-of-stake was called The Merge.

– The Merge refers to the original Ethereum Mainnet merging with a separate proof-of-stake blockchain called the Beacon Chain, now existing as one chain.

– The Merge reduced Ethereum's energy consumption by ~99.95%.

This completed Ethereum's transition to proof-of-stake consensus, officially deprecating proof-of-work and reducing energy consumption by ~99.95%.

Learn more about The Merge’s purpose, need, and potential difficulties.