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🦧 better eth
www.wiseape.fyi

🦧 better eth

Ape of Omaha
Sep 16, 2022
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🦧 better eth
www.wiseape.fyi

😮 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

uber eats x nuro (click image)

that's all, folks 🐒

 
as always, i’m no financial advisor! (i’m no substitute for professional financial services)
 

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