$ETH The Surge After the Merge

Ethereum founder Vitalik Buterin confirmed that the blockchain for the Ethereum network is currently only 55% complete, indicating that there is a long journey ahead of us. After the merge, we will see an important update to the network that transitions Ethereum from a Proof of Work (PoW) protocol to a Proof of Stake (PoS) consensus mechanism. Buterin outlined the following four stages: The Surge, The Verge, Purge, and Spluurge. The initial stage, The Surge, will bring sharding to Ethereum.

Sharding represents a key solution to the scalability of the Ethereum network, aiming to enhance the network's ability to process transactions and execute smart contracts. This involves splitting the network into smaller manageable chains known as shards.

These shards act as individual components within the Ethereum network. Each shard operates as an independent blockchain with its dedicated set of smart contracts. These chains operate independently and can process transactions and execute smart contracts, alleviating congestion on the main Ethereum network.

The core objectives for Ethereum developers through the sharding update include the following: $ETH