Why Ethereum Mergers Love Lido

Ethereum core developer Tim Beiko took to Twitter on April 12 to announce that the number two crypto network had entered the “final chapter of [proof-of-work].”

If you’re not already up to date on this event, called “the merge,” here’s the scoop: Ethereum is transitioning to a different consensus mechanism called proof of stake (PoS).

Instead of building and maintaining massive farms of computers in the…