What happened to Ethereum in 2022?

On September 15, 2022, Ethereum went through The Merge upgrade which transitioned Ethereum from proof-of-work to proof-of-stake. The Merge was Ethereum's biggest uprade and reduced the energy consumption required to secure Ethereum by 99.95%, creating a more secure network for a much smaller carbon cost.

What is Ethereum (ETH)?

Ethereum (ETH) is the second most popular cryptocurrency after Bitcoin. Founded by Vitalik Buterin and Gavin Wood in 2015, today Ethereum’s market capitalization represents more than 17% of the $1.2 trillion global crypto market. There are some distinct differences between Ethereum and the original crypto.

What is the first live release of Ethereum?

2015: The first live release of Ethereum, known as Frontier, was launched. What is Ethereum’s purpose? Ethereum is a blockchain technology platform designed to enable a large variety of functions. A popular comparison is if Bitcoin is e-mail, then Ethereum is the whole Internet.

What's new with Ethereum 2.0?

The most significant change with Ethereum 2.0 is that the crypto will switch from a proof-of-work consensus mechanism to proof of stake. This will phase out the need for miners, who run validations on expensive crypto mining equipment and consume a lot of energy.