Which upgrades changed Ethereum from mining to staking and introduced base-fee burning?
The Beacon Chain launched on December 1, 2020, and the Merge was completed on September 15, 2022, switching Ethereum from proof of work to proof of stake.
Before and after major upgrades, some platforms may suspend deposits and withdrawals, so leave some flexibility when planning your funds.
$ETH has been Ethereum’s native currency for paying gas since the mainnet launched in 2015.
Leave a comment if you learned something, or ask away if you’re still unsure.
#ETH
The Beacon Chain launched on December 1, 2020, and the Merge was completed on September 15, 2022, switching Ethereum from proof of work to proof of stake.
Before and after major upgrades, some platforms may suspend deposits and withdrawals, so leave some flexibility when planning your funds.
$ETH has been Ethereum’s native currency for paying gas since the mainnet launched in 2015.
Leave a comment if you learned something, or ask away if you’re still unsure.
#ETH