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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