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What is Ethereum merge & how does it work?

Scaling, reducing costs and enabling new applications could also benefit Ethereum and its investors. What Is the Merge? Originally referred to as Ethereum 2.0, the merge is an upgraded version of the Ethereum blockchain that uses a proof-of-stake consensus mechanism to verify transactions via staking.

When does Ethereum 2 come out?

The full upgrade to Ethereum 2.0 is expected to take place by 2023, according to the Ethereum Foundation. How does Ethereum 2.0 differ from Ethereum? While Ethereum 1.0 uses a consensus mechanism known as proof-of-work (PoW), Ethereum 2.0 will use a proof-of-stake (PoS) mechanism.

When was the merger executed?

The Merge was executed on September 15, 2022. This completed Ethereum's transition to proof-of-stake consensus, officially deprecating proof-of-work and reducing energy consumption by ~99.95%. What was The Merge?

Does the merge change anything?

The Merge did not change anything for holders/users. This bears repeating: As a user or holder of ETH or any other digital asset on Ethereum, as well as non-node-operating stakers, you do not need to do anything with your funds or wallet to account for The Merge. ETH is just ETH.

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