Ethereum has finally switched its consensus mechanism from proof-of-work (PoW) to proof-of-stake (PoS). The upgrade, known as the Merge, has been in the works for the better.
The Ethereum blockchain is home to the second most valuable cryptocurrency, the Ether (ETH), as well as many other cryptos and, more recently, NFTs. It’s also been a source of (well-deserved) criticism because of its high energy usage, but that should change soon.
Samson Mow claimed that while everyone thinks that the Merge will be triggered by pre-set threshold difficulty, there is one aspect that not many people have paid attention to.
26.5% of Ethereum nodes still haven’t upgraded its clients to a Merge-compatible version, which is a necessary step in order to operate on the post-Merge network.