QPORIT

Ethereum, the second most important cryptocurrency after Bitcoin, has completed a merge of new software technology, designed to reduce the environmental impact of "mining", and improve the scaling of transactions using Ethereum.  

Since blockchain smart contracts -- including NFT's -- and crypto transactions at large scale are a fundamental part of Ethereum's usage and business model, efficiency, accuracy, and speed of transactions are essential to its success.

Shipped!

The Merge was executed on September 15, 2022. This completed Ethereum's transition to proof-of-stake consensus, officially deprecating proof-of-work and reducing energy consumption by ~99.95%.

https://ethereum.org/en/upgrades/merge/

Labels: bitcoin, blockchain, cryptocurrency, Ethereum, proof-of stake, proof-of-work, smart contracts, The Merge

# posted by QPORIT @ 9:52 PM