Ethereum, the world's second largest blockchain, should switch over to a completely new version this year, one that will change basically everything about how it operates. The Ethereum Foundation calls the new version "The Merge," but many others refer to it as "Ethereum 2.0."
Why it matters: For blockchain critics, it will massively reduce the energy consumption of Ethereum (maybe by 99%). For ether holders, it will reduce the emissions of that coin, which should improve price appreciation.
For onlookers: It's sort of like changing the engine in a jumbo jet from gas powered to electric, without landing — it could be a real mess.
That said, to say that the developers have been cautious about deploying it would be an understatement roughly on par with: "Jupiter is a little larger than other planets in its solar system."
Big picture: Because blockchains have no leader, they need a way for all users to agree that transactions on the network are valid, that is: to reach consensus.
The...
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