The upgrade to the Ethereum blockchain next month would ease some of the network's present scalability constraints, speed up processes and make cryptocurrency transactions cheaper.
Ethereum, the second-largest blockchain in the world by market capitalisation, will undergo a massive network update around September 15, 2022, which will completely transition it to a proof-of-stake (PoS) consensus algorithm from the current proof-of-work (PoW).
The upgrade, called 'The Merge', will merge the Ethereum Mainnet with the Beacon Chain, making the cryptocurrency greener, more efficient and much more appealing to investors.
Mainnet is the primary public Ethereum production blockchain, where actual-value transactions occur on the distributed ledger.
The Beacon Chain is the PoS coordination mechanism of the new network, responsible for creating new blocks, making sure those new blocks are valid, and rewarding validators with Ethereum for keeping the network secure.
The Merge represents one of...
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