The upcoming Ethereum merge will change the Ethereum network from proof-of-work to proof-of-stake, which is far less harmful to the environment.
This is reprinted by permission from . The investing information provided on this page is for educational purposes only. NerdWallet does not offer advisory or brokerage services, nor does it recommend or advise investors to buy or sell particular stocks, securities or other investments.
Ethereum’s website states that a final merge date is not set, though a leader on the project tweeted that Sept. 19 was the target date. But the project, which has been in development for a few years, has been delayed several times before. While it seems that plans for the merge have become firmer, more delays are possible.
Proof-of-stake is an alternative that consumes less energy. Instead of devoting electricity, which fuels computing power, users who want to be part of the verification process will put their personal cryptocurrency on the line in a process called staking. These users, called validators, are randomly selected to verify new information to be added to a block. They receive cryptocurrency if they confirm accurate information. If they act dishonestly, they stand to lose their stake.
Sharding will become possible. Sharding, which splits validation work into smaller amounts, should allow the network to handle more transactions. It also could increase network participants by allowing people to run Ethereum on small devices, like phones. Sharding is not part of the merge, but it will be on the table for future updates.
The way you access your ETH. Because the merge will transfer the entire transaction history, those digital assets will be accessible in the same way as before.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Ethereum Merge Risks Summarized by Expert: Should We See Unexpected Forks?Crypto expert JackNiewold indicated three groups of risks associated with Ethereum's Merge $ETH ETH
Lire la suite »
Huobi plans to list post-merge Ethereum forks that meet its security requirementsThe crypto exchange said it will list any hard forks of Ethereum — so long as they meet five requirements.
Lire la suite »
Ethereum After the Merge: What Comes Next?Many have looked at the Merge as the grand finale for the Ethereum network. But, according to VitalikButerin, it’s just the first in a long list of improvements to the ecosystem. Here’s what's next 👇
Lire la suite »
Justin Sun Backs Ethereum Hard Fork as Merge Approaches.TronDAO founder JustinSunTron has emerged as one of the most prominent investors supporting a hard fork of Ethereum after the blockchain switches to a proof-of-stake.
Lire la suite »
Ethereum PoW Tokens Dropped Ahead of MergeNumerous exchanges are already offering Ethereum alternative for those who aren't willing to stay on the network without PoW mechanism
Lire la suite »