What is the Ethereum merge?

The Ethereum Merge is the joining of Ethereum’s proof-of-stake (PoS) Beacon Chain with the Ethereum Mainnet to transition the Ethereum blockchain off the legacy proof-of-work (PoW) system. With the completion of the merge on Sept. 15, 2022, Ethereum made the switch to a PoS model. That gave birth to Ethereum 2.0, a new version of Ethereum.

How fast does ETH merge work?

Under proof-of-work, Ethereum generates a block every 12-14 seconds (currently averaging at 13.36 seconds). Following The Merge, a new block will be generated every 12 seconds — more than 10% faster than before. This will mean transactions will be confirmed roughly 10% faster in most cases. ETH Merge Risk? Which Chain Would Take Over?

Did the merger change ether issuance?

No history was lost in The Merge. As Mainnet merged with the Beacon Chain, it also merged the entire transactional history of Ethereum. This transition to proof-of-stake changed the way ether is issued. Learn more about ether issuance before and after The Merge. The Merge did not change anything for holders/users.

What is ETH 2 (eth2)?

“ETH 2” simply refers to the new PoS blockchain that went live as Ethereum’s main blockchain network after the merge. There is no new cryptocurrency called ETH 2, though some crypto exchanges (such as Coinbase and Kraken) list “Ethereum 2 (ETH2)” as an asset that can be staked.