Today's Tech Term: Ethereum Merge
In the midst of market conditions that are still in a state of bear marketEthereum will continue to plan to do upgrade network to Ethereum 2.0.
This moment that the crypto community has been waiting for, was preceded by the Ethereum Merge process on September 15, 2022. The Ethereum Merge, or also known as The Merge is an effort by the Ethereum development team aimed at making the transition blockchain Ethereum to its next phase, which is also known as Ethereum 2.0.
With the whole network blockchain move to a new system, blockchain Ethereum is expected to become more efficient, sustainable and scalable. Transactions are also expected to be faster and environmentally friendly.
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Upgrades This Ethereum 2.0 will be a complex process, because there is no blockchain on a scale on a scale that has overhauled its consensus protocol to date.
The main difference between Ethereum and Ethereum 2.0 is their use of consensus. So far, Ethereum is blockchain using consensus Proof-of-Work (PoW) to confirm the transaction.
While the latest version, called Ethereum 2.0, uses a consensus mechanism Proof-of-Stake (PoS) to process all transactions made on blockchain Ethereum.
