Beacon Chain

What is the Ethereum Merge?

Introduction The “Merge” was the final phase in Ethereum’s strategy to transition from a proof-of-work (POW) consensus system to a proof-of-stake (POS) consensus mechanism. But what exactly does this signify? How will it influence ethereum? An Analogy Imagine you’re in San Francisco when the city is just getting started and attracting millions of individuals from all over the world. While it is exhilarating at initially, as more people arrive, there are challenges that arise.