The transition to Ethereum’s 100% Proof of Stakes model has been delayed, with more time to purchase cryptocurrency mining operations before the transition.
Ethereum Marge is a fun name that the company uses to migrate its network from Proof of Work (PoW) to Proof of Stake (PoS). The reason this is a big problem is that PoW now occupies all GPU stock in the last few years with high energy costs to power huge crypto mining operations performed day and night. ..
The two largest cryptocurrencies, Bitcoin and Ethereum, are now adopting Proof of Work to manage transactions on their respective blockchains.
The final stage of Ethereum 2.0 is enhanced by the Proof of Stakes selected by “staking” blocks on the Ethereum blockchain using “validators”. When their ethers are used, they are rewarded for their participation, like the miners of Proof of Work. Basically, you need to buy tokens to get blocks in the Proof of Stakes model.
The big attraction of PoS is that Ethereum claims to be 99% more environmentally friendly and easier to scale than PoW.This, in theory, especially Rural areas American.
It’s not June, but it could be months later.There is no fixed date yet, but we are definitely in the final chapter of Ethereum POWsApril 12, 2022
Whether or not merging is good for Ethereum is only known in time, as the large proof of stakes are actually obsolete and faster and safer than traditional mining methods that are objectively better for the environment. increase.