Popular cryptocurrency blockchain Ethereum has completed its long-awaited switch to proof-of-stake. That upgrade process, better known as ‘The Merge’, has been years in the making. According to the Ethereum Foundation, today’s transition reduces Ethereum’s energy consumption by 99.95%. Previously, the Ethereum blockchain relied on proof-of-work, a consensus mechanism that requires a lot of computational effort […]
Ethereum switches to proof-of-stake consensus after completing The Merge by Romain Dillet orig...