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Difference between revisions of "Ethereum Merge"
→The Beacon Chain
(Wrote the whole Ethereum Merge wiki) |
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While a minimum stake of 32 ETH is required to become a validator, users with less cash can gather their funds into staking pools. This allows anyone to join the staking process and participate in the Beacon chain’s security. | While a minimum stake of 32 ETH is required to become a validator, users with less cash can gather their funds into staking pools. This allows anyone to join the staking process and participate in the Beacon chain’s security. | ||
ETH staked cannot currently be “unstaked” or withdrawn. This will only be implemented | ETH staked cannot currently be “unstaked” or withdrawn. This will only be implemented after the merge with a new update. | ||
== Things the merge will bring: == | == Things the merge will bring: == | ||
* Less energy consumption | * Less energy consumption | ||
* Constant block time (important to protocols for predicting) | * Constant block time (important to protocols for predicting) | ||
* An already | * An already finalized block cannot be reversed (there is a possibility in Proof of Work) | ||
=== After the | === After the merge: === | ||
Right now, nodes running Ethereum software (Eth1 clients) take care of both execution of transactions and smart contracts and consensus (PoW). | Right now, nodes running Ethereum software (Eth1 clients) take care of both execution of transactions and smart contracts and consensus (PoW). | ||