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Ethereum Merge – Soft Fork for Now?
September 22, 2022Without an apparent hitch, Ethereum effected its Merge on Thursday, September 15, 2022 whereby the blockchain platform switched its validation from proof-of-work (“POW”) to proof-of-stake (“POS”). The switch will reduce the high environmental impact of POW by removing the need for massive computer power to solve the mathematical problems associated with POW validation. Whether other benefits result (such as reducing transaction costs and increasing capacity) remains to be seen.
