{"id":2645,"date":"2022-09-15T09:19:23","date_gmt":"2022-09-15T09:19:23","guid":{"rendered":"https:\/\/tridence.com\/blog\/ethereum-switch-known-as-the-merge-is-live\/"},"modified":"2023-08-08T19:43:20","modified_gmt":"2023-08-08T19:43:20","slug":"ethereum-switch-known-as-the-merge-is-live","status":"publish","type":"post","link":"https:\/\/tridence.com\/blog\/ethereum-switch-known-as-the-merge-is-live\/","title":{"rendered":"Ethereum switch known as The Merge is live."},"content":{"rendered":"\n<p>Ethereum's biggest-ever upgrade just took effect, in what industry experts are calling a game changer for the entire crypto sector. Thus far, all signs suggest the so-called merge \u2014 which is designed to cut the cryptocurrency's energy consumption by more than 99% \u2014 was a success.<br><br>The very first proof-of-stake block of transactions has finalized with a nearly 100% client participation rate. This was, by far, the best-case scenario.<\/p>\n\n\n\n<p>Before the merge, both blockchains had their own vast network of miners all over the planet running highly specialized computers that crunched math equations in order to validate transactions. Proof-of-work uses a lot of energy, and it is one of the industry's biggest targets for critiques.<\/p>\n\n\n\n<p>But with the upgrade, ethereum has migrated to a system known as proof-of-stake, which swaps out miners for validators. Instead of running large banks of computers, validators leverage their existing cache of ether as a means to verify transactions and mint new tokens.&nbsp;This requires far less power than mining and experts say it will make the protocol both more secure and more sustainable.<\/p>\n\n\n\n<p>The Beacon Chain has now finally combined with the original Ethereum blockchain, signifying the \u201cmerge.\u201d<\/p>\n\n\n\n<p>Are you Looking for a team to build web3 and or Metaverse platforms? Contact Tridence | <a href=\"http:\/\/www.tridence.com\">www.tridence.com<\/a> <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ethereum&#8217;s biggest-ever upgrade just took effect, in what industry experts are calling a game changer for the entire crypto sector. Thus far, all signs suggest the so-called merge \u2014 which is designed to cut the cryptocurrency&#8217;s energy consumption by more than 99% \u2014 was a success. The very first proof-of-stake block of transactions has finalized [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":2644,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"jetpack_post_was_ever_published":false,"tdm_status":"","tdm_grid_status":"","_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_metasync_otto_title":"","_metasync_otto_description":"","_metasync_otto_keywords":"","_metasync_otto_og_title":"","_metasync_otto_og_description":"","_metasync_otto_twitter_title":"","_metasync_otto_twitter_description":"","rank_math_title":"","rank_math_description":"","_yoast_wpseo_title":"","_yoast_wpseo_metadesc":"","_aioseo_title":"","_aioseo_description":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[350],"tags":[354,434,431,351,447],"class_list":["post-2645","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-metaverse","tag-blockchain","tag-cryptocurrency","tag-ethereum","tag-metaverse","tag-the-merge"],"acf":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/tridence.com\/blog\/wp-content\/uploads\/2022\/09\/RIOCGHSQCNESJAGGWV6MH4EQCM.jpeg?fit=567%2C379&ssl=1","jetpack_sharing_enabled":true,"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/tridence.com\/blog\/wp-json\/wp\/v2\/posts\/2645","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tridence.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tridence.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tridence.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/tridence.com\/blog\/wp-json\/wp\/v2\/comments?post=2645"}],"version-history":[{"count":1,"href":"https:\/\/tridence.com\/blog\/wp-json\/wp\/v2\/posts\/2645\/revisions"}],"predecessor-version":[{"id":3670,"href":"https:\/\/tridence.com\/blog\/wp-json\/wp\/v2\/posts\/2645\/revisions\/3670"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tridence.com\/blog\/wp-json\/wp\/v2\/media\/2644"}],"wp:attachment":[{"href":"https:\/\/tridence.com\/blog\/wp-json\/wp\/v2\/media?parent=2645"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tridence.com\/blog\/wp-json\/wp\/v2\/categories?post=2645"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tridence.com\/blog\/wp-json\/wp\/v2\/tags?post=2645"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}