What is the Ethereum merge Countdown?

The Ethereum merge countdown is on — as the world approaches this vital event in the blockchain space, here's what investors need to know. The Ethereum merge countdown is on. The network is about to undergo its biggest change ever, and according to experts it's also arguably one of the most critical events in the history of cryptocurrencies.

When did Ethereum merge come out?

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%.

What is a'merge' in Ethereum?

The Merge was the joining of the original execution layer of Ethereum (the Mainnet that has existed since genesis) with its new proof-of-stake consensus layer, the Beacon Chain. It eliminated the need for energy-intensive mining and instead enabled the network to be secured using staked ETH.

Does Ethereum mainnet use proof-of-stake?

Ethereum Mainnet uses proof-of-stake, but this wasn't always the case. The upgrade from the original proof-of-work mechanism to proof-of-stake was called The Merge. The Merge refers to the original Ethereum Mainnet merging with a separate proof-of-stake blockchain called the Beacon Chain, now existing as one chain.