Ethereum reduced its energy consumption by approximately 99.95% without erasing its transaction history.
On September 15, 2022, Ethereum completed The Merge, transitioning from Proof of Work to Proof of Stake. This ended ETH mining under the old mechanism while preserving the blockchain’s transaction history and account balances.
Ethereum changed how its network is secured without starting its blockchain from scratch.
#Ethereum #ETH
$ETH
On September 15, 2022, Ethereum completed The Merge, transitioning from Proof of Work to Proof of Stake. This ended ETH mining under the old mechanism while preserving the blockchain’s transaction history and account balances.
Ethereum changed how its network is secured without starting its blockchain from scratch.
#Ethereum #ETH
$ETH