Will the EthereumMerge prompt a global wave of people using the blockchain? One of the Merge’s leading developers tells CoinDesk TV he believes it will.
of the network before the Merge can take place, was implemented Tuesday at approximately 7:35 a.m. .
One of the biggest obstacles to Ethereum's expansion has been the environmental impact of the proof-of-work mechanism, according to VanLoon. “We see this as a barrier for global adoption,” he said.With the switch to proof-of-stake, Ethereum’s energy consumption should be cut by 99.95%. That could increase the appeal of Ethereum to institutions that have concerns with the blockchain’s environmental impact. Smaller computers requiring less power would be able to use the Ethereum network.
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