The Merge is here: Ethereum has switched to proof of stake
Published Date: 9/15/2022
Source: technologyreview.com
“The Merge”, a major upgrade to the Ethereum cryptocurrency platform, was finally completed today after a six-year buildup. As of 2:43 ET this morning, Ethereum now uses proof of stake, a way to approve new transactions that promises to cut the blockchain’s energy requirements by 99.9% and usher in a new era for the second-largest…