Merge and Proof-of-Stake

Merge is software that aims to reduce the amount of energy used in the process of validating transactions on the Ethereum network.

  • Blockchain was first used in the creation and development of cryptocurrencies. It is a distributed or decentralised ledger system.
  • Merge employs the procedure of changing the blockchain's proof-of-stake (PoS) consensus method from proof-of-work (PoW).
  • The primary distinction between proof of work and proof of stake is that the former depends on crypto mining, whereas the latter depends on crypto holding.
  • Both of these techniques give users a means to gain more cryptocurrency, and they both add new "blocks" ....
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