In September 2022, Ethereum transitioned from a proof of-work chain to a proof-of-stake chain. The Merge laid the groundwork for fixing the problems that slow down the beleaguered blockchain, while instantly making it 99% more energy efficient. PoW chains take the computationally intensive part of mining out of the equation.
Table of contents
The MergeMerge TimelineThe Merge and Ethereum’s TokenomicsEthereum upgrades after The MergeSort: