【One-Minute Explainer】What exactly did Ethereum’s “Merge” merge?
Ethereum’s “Merge” took place on September 15, 2022, when the original execution layer and the proof-of-stake Beacon Chain were combined into a single chain.
After switching to proof of stake, blocks are no longer produced by competing over computing power. Instead, validators who have staked ETH produce blocks according to the protocol rules, and vote to confirm them.
After the “Merge,” newly issued $ETH is no longer awarded to miners, but is instead given to validators.
Don’t put all your funds into a single project.
#ETH
Ethereum’s “Merge” took place on September 15, 2022, when the original execution layer and the proof-of-stake Beacon Chain were combined into a single chain.
After switching to proof of stake, blocks are no longer produced by competing over computing power. Instead, validators who have staked ETH produce blocks according to the protocol rules, and vote to confirm them.
After the “Merge,” newly issued $ETH is no longer awarded to miners, but is instead given to validators.
Don’t put all your funds into a single project.
#ETH
