The Merge: Supercharging Ethereum

Sep. 15, 2022 3:30 PM ETETH-USD, ETC-USD, ETHE
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Summary

  • Ethereum’s rapid growth can be attributed to its composable-driven ecosystem that creates network effects that attract developers and users.
  • The Beacon Chain established a new system that relies on staking ETH rather than PoW mining to prevent sybil attacks and support consensus on the state of the network.
  • Smart contract blockchains must compensate validators for expending resources to secure the network.
  • In order to prevent the network from being spammed, Ethereum and many other blockchains require users to pay a fee in order to consume block space.

Close-up of Ethereum ETH cryptocurrency over computer circuit

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The Merge is the most significant upgrade in the history of Ethereum, and perhaps any blockchain. Ethereum’s rapid growth can be attributed to its composable-driven ecosystem that creates network effects that attract developers and users. With demand for Ethereum’s

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