#Ethereum $ETH ✌️

Summary of Ethereum’s Latest Major Update (“The Merge”):

“The Merge” is a major upgrade that transitioned Ethereum from a Proof-of-Work (PoW) system to a Proof-of-Stake (PoS) system. This change aimed to make the network more energy-efficient, secure, and scalable. Instead of relying on miners to validate transactions through intensive computational work, Ethereum now uses validators who are selected based on the amount of ETH they have staked (locked) in the network.

The Merge was successfully completed in September 2022, marking a historic milestone for blockchain technology. It reduced Ethereum’s energy consumption by over 99%, while also setting the foundation for future upgrades like sharding, which will further improve the network’s speed and scalability.