Understanding Ethereum’s major ‘proof of stake’ upgrade

Ethereum, the blockchain that underpins the world’s second-largest crypto token ether, will soon undergo a major software upgrade that promises to slash the amount of energy needed to create new coins and carry out transactions.

Here’s what you need to know about the “Merge,” as the shift is known:

‘Proof of stake’

The Ethereum blockchain is due to merge with a separate blockchain, radically changing the way it processes transactions and how new ether tokens are created.

The new system,…


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