What is the Ethereum Merge? : All you need to know about Ethereum Merge 2.0

The Ethereum Merge is the joining of Ethereum’s proof-of-stake (PoS) Beacon chain with the Ethereum Mainnet to transition the Ethereum blockchain off the legacy Proof-of-work (PoW) system.

This will bring about a 99.95% decrease in Ethereum’s energy utilization, and the capacity to additional scale the Ethereum environment. It will bring about Ethereum 2.0, another adaptation of Ethereum.

Currently, there are two independent blockchains for Ethereum operating in isolation. These are the current proof-of-work (POW) Ethereum chain and a separate proof-of-stake Beacon Chain.

The Merge means to emphatically work on the effectiveness of the Ethereum platform by eliminating the requirement for energy-concentrated mining. It rather permits a network of validators to assume control over the job of block production and consensus.

Read full news at: http://cryptounity.news/what-is-the-ethereum-merge-all-you-need-to-know-about-ethereum-merge-20

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