Blockchain Industry | What exactly did Ethereum’s “Merge” merge?
The Beacon Chain launched as early as December 1, 2020, and ran alongside the original proof-of-work mainnet for nearly two years before they officially merged.
You can think of the “Merge” as changing the engine on a plane in mid-flight: account balances, contracts, and transaction history stayed the same; what changed was how blocks are produced.
After the “Merge,” newly issued $ETH was no longer awarded to miners, but instead went to validators.
If you don’t understand something, don’t put a large amount of money into it. It’s safer to try it with a small amount.
#ETH
This is just my personal perspective and may not be accurate. Please use caution.
The Beacon Chain launched as early as December 1, 2020, and ran alongside the original proof-of-work mainnet for nearly two years before they officially merged.
You can think of the “Merge” as changing the engine on a plane in mid-flight: account balances, contracts, and transaction history stayed the same; what changed was how blocks are produced.
After the “Merge,” newly issued $ETH was no longer awarded to miners, but instead went to validators.
If you don’t understand something, don’t put a large amount of money into it. It’s safer to try it with a small amount.
#ETH
This is just my personal perspective and may not be accurate. Please use caution.