DOMANI Concept Explainer - The Ethereum Merge Explainer
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(DOMANI is an oracle-less Digital Asset Management platform that enables users to create, mint and manage ETF-style tokenized funds. The views expressed in the article below should not be taken as investment advice. Always do your own research.) After months of delays and broken promises, the Ethereum Merge is set to happen on the 19th September 2022, in a month and a half’s time. But, what does the Merge mean for the network? In short, the Ethereum Merge refers to the combining of the already existing PoW consensus layer with the new PoS consensus layer, the Beacon Chain. The idea is to change the way the Ethereum chain will be secured and validated, going from a PoW consensus mechanism, similar to Bitcoin, to a PoS consensus mechanism, similar to Avalanche and Algorand. Firstly, let’s take a look at how these two systems differ from one another.
DOMANI Concept Explainer - The Ethereum Merge Explainer
DOMANI Concept Explainer - The Ethereum Merge…
DOMANI Concept Explainer - The Ethereum Merge Explainer
(DOMANI is an oracle-less Digital Asset Management platform that enables users to create, mint and manage ETF-style tokenized funds. The views expressed in the article below should not be taken as investment advice. Always do your own research.) After months of delays and broken promises, the Ethereum Merge is set to happen on the 19th September 2022, in a month and a half’s time. But, what does the Merge mean for the network? In short, the Ethereum Merge refers to the combining of the already existing PoW consensus layer with the new PoS consensus layer, the Beacon Chain. The idea is to change the way the Ethereum chain will be secured and validated, going from a PoW consensus mechanism, similar to Bitcoin, to a PoS consensus mechanism, similar to Avalanche and Algorand. Firstly, let’s take a look at how these two systems differ from one another.