😮 the merge is done
eth 2.0 is now here! it's been years since vitalik (co-founder of the ethereum foundation) claimed that "the merge" will happen soon, and it finally happened today
it only took 12 minutes to complete – this is no easy job (engineering-wise), and the ethereum team has managed it very well
the ethereum blockchain network is now on the beacon chain
eth is now more environmentally conscious (99% less energy intensive)
transactions are faster and cheaper
pos > pow
most importantly (and the reason why the above points are true) – ethereum is now proof-of-stake, not proof-of-work
p-o-w miners require intensive computing power and energy to validate transactions on the ethereum network
p-o-s, on the other hand, are made possible by “validators” (literally anybody who’s willing to stake a portion of their ethereum stake) who dedicate their own stake to the network
my journey in ethereum
💡 something im thinking about
that's all, folks 🐒
as always, i’m no financial advisor! (i’m no substitute for professional financial services)
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