Layer 1s
November 24, 2021, 4:14PM EST
• 5 min read

ELI5 the Ethereum Merge

Afif Bandak

Quick take

  • The Ethereum network currently secures over $1T of value.
  • Transitioning from proof-of-work to proof-of-stake is critical for the long term scalability and sustainability of the network.
  • Hot swapping of the protocol’s consensus mechanism will take place through a process referred to as “the Merge”, which will be discussed here.

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