Cryptocurrency Q&A When did Ethereum move from PoW to PoS?

When did Ethereum move from PoW to PoS?

DigitalLordGuard DigitalLordGuard Thu Jun 20 2024 | 7 answers 1846
When did the transition from Proof-of-Work (PoW) to Proof-of-Stake (PoS) occur for Ethereum, marking a significant milestone in the cryptocurrency's history? The shift has been long anticipated and has garnered immense attention from enthusiasts and industry observers alike. The move was heralded as a more energy-efficient alternative to the traditional PoW consensus mechanism, promising to reduce energy consumption by a staggering 99.95%. What specific date did this epochal transition occur, paving the way for Ethereum to enter the ETH 2.0 era and ushering in a new chapter for the blockchain network? When did Ethereum move from PoW to PoS?

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