The EthereumMerge is officially complete. skesslr reports
The Merge retires Ethereum’s proof-of-work system, wherecompeted to write transactions to its ledger – and earn rewards for doing so – by solving cryptographic puzzles.
“My daughter and I spoke about NFTs a few months ago,” recalled Ben Edgington, a product leader at the Ethereum research and development firm ConsenSys. “At the dinner table I rather foolishly mentioned some NFT projects, and she was yelling at me, ‘How can you boil the oceans with this nonsense? This is terrible. I can't believe that you do this for a living.’”
Ethereum introduced a proof-of-stake network in 2020 called the Beacon Chain, but until the Merge it was just a staging area for validators to get set up for the switch. Ethereum’s transition to proof-of-stake involved merging the Beacon Chain with Ethereum’s main network. Edgington pointed to the environmental impact of the Merge upgrade as the benefit he is personally the most excited about. “I feel very proud, you know, that I'll be able to look back and say I've had a role to play in removing a megaton of carbon from the atmosphere every week. That's something that meaningfully affects my family and others,” he said.
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