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Difference between revisions of "Ethereum Merge"
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The [https://ethereum.org/en/upgrades/merge/ Ethereum merge] is an upgrade to Ethereum that swaps the current [[proof-of-work]] (PoW) [[consensus mechanism]] with a [[proof-of-stake]] (PoS) consensus mechanism. | The [https://ethereum.org/en/upgrades/merge/ Ethereum merge] is an upgrade to [[Ethereum]] that swaps the current [[Proof of Work (PoW)|proof-of-work]] (PoW) [[consensus mechanism]] with a [[Proof of Stake (PoS)|proof-of-stake]] (PoS) consensus mechanism. | ||
== History == | == History == | ||
[[Ethereum]] initially launched with a proof-of-work (PoW) consensus algorithm in 2015, the [https://ethereum.org/en/upgrades/vision/ vision] has always been for Ethereum to become an energy-efficient proof-of-stake (PoS) network. The Ethereum community | [[Ethereum]] initially launched with a proof-of-work (PoW) consensus algorithm in 2015, but the [https://ethereum.org/en/upgrades/vision/ vision] has always been for Ethereum to become an energy-efficient proof-of-stake (PoS) network. The Ethereum community explored various PoS consensus mechanisms, including "[https://blog.ethereum.org/2014/01/15/slasher-a-punitive-proof-of-stake-algorithm/ Slasher]" and "[https://blog.ethereum.org/2015/12/28/understanding-serenity-part-2-casper/ consensus by bet]". In 2017, the community settled on “[https://arxiv.org/pdf/1710.09437.pdf Casper the Friendly Finality Gadget]” as the PoS finality system.<ref>https://ethmerge.com/</ref> | ||
== The Beacon Chain == | == The Beacon Chain == | ||
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== Sources: == | == Sources: == | ||
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[[Category:Event]] | |||