Ethereumis preparing for an upgrade thatsbeen described asthe single most important event in crypto history.
The transition would overhaul the infrastructure of the worlds second-largestblockchain.
Heres everything you gotta know about the long-awaited merge.
What is the Ethereum merge?
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A PoS system, meanwhile, is maintained by users staking crypto to process transactions.
Ethereum currently runs both mechanisms.
The merge will combine the two layersin a single proof-of-stake-based chain.
All the Ethercryptocurrencyon the internet will be unaffected by the switch.
What are the pros and cons of the merge?
PoS proponents expect the merge to make Ethereum more scalable, secure, and sustainable.
That could also convince more people to invest in Ethereum.
However, not everyone is convinced of the benefits.
Critics have raised concerns aboutthe security risksand doubts aboutthe impact on Ethereums scalability.
Yet perhaps the biggest issue is the merges endless postponements.
When is the merge happening?
The merge was first proposed in 2016, but the transition has proven more complex than expected.
He added that the switch would finally happen very soon.
Researchers expected this to happen in June, but insiders this month warned of further delays.
It won’t be June, but likely in the few months after.
Its hard to convince people that this time its for real.
Beiko nonetheless promised that the merge was nearing the end of its final chapter.
Supporters of Ethereum will hope that hes correct, because the networkscompetition is heating up.
Story byThomas Macaulay
Thomas is the managing editor of TNW.
He leads our coverage of European tech and oversees our talented team of writers.
Away from work, he e(show all)Thomas is the managing editor of TNW.
He leads our coverage of European tech and oversees our talented team of writers.
Away from work, he enjoys playing chess (badly) and the guitar (even worse).
