Ethereum’s market capitalization peaked at about $569 billion in May 2021. But despite its immense popularity and high value – it’s the second largest network after Bitcoin – the blockchain could be slow and expensive to use. Transactions took minute...

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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.

What is the Ethereum merge?