KATE THOMPSON DAVY: Surviving the merge — ethereum’s big move and what’s at stake
While the carbon footprint has been reduced, it might also now count as — heaven help us — security
20 September 2022 - 19:36
It has been another huge week for cryptocurrency news in expected and unexpected ways, with ethereum making the watershed switch from a proof-of-work model to a proof-of-stake one, in a move dubbed “The Merge”.
Ethereum is the second-biggest crypto by market cap (after bitcoin) and, like bitcoin, has been running on a proof-of-work model since its inception. Proof-of-stake, however, was always the end goal, literally written into the early white paper by one of its co-founders...
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