Why Did Ethereum Shift From Proof-Of-Work Mechanism to Proof-Of-Stake? | The Merge Explained!!!
In this video, we're going to be explaining Ethereum's recent shift from Proof-of-Work to Proof-of-Stake. This is a big change, so make sure to watch to learn why it happened and what it means for the future of Ethereum!
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The Merge, a long-awaited update to the Ethereum network, replaced the proof-of-work model with the proof-of-stake model, changing the protocol from proof-of-work to proof-of-stake. Although the difference may not be readily apparent to casual investors, many professionals agree that proof of stake is the superior and more efficient method of running a blockchain network. Blockchain networks utilize a combination of proof-of-work and proof-of-stake to ensure the authenticity of each transaction. The much-anticipated "The Merge" for the Ethereum blockchain has happened. But what is The Merge, and why is it important? Why did Ethereum shift from a proof-of-work mechanism to a proof-of-stake?
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