ELI5 the Ethereum Merge
Quick take
- The Ethereum network currently secures over $1T of value.
- Transitioning from proof-of-work to proof-of-stake is critical for the long term scalability and sustainability of the network.
- Hot swapping of the protocol’s consensus mechanism will take place through a process referred to as “the Merge”, which will be discussed here.
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Author: Afif Bandak