‘The merge’ will change our crypto world: Everything you should know!

The crypto community and especially the Ethereum community is waiting for the execution of the structural change that one of the most important networks in the world, the Ethereum network, is going to undergo, an event hailed as the most important technological upgrade in the history of crypto.

But… exactly what is the merge about?

The merge is a long-planned upgrade for the Ethereum network, which seeks to improve the operation of the same. Such upgrades are commonplace, but this is the most important one to date, and its success will pave the way for developers to introduce a host of new features to the network. This update will bring new opportunities for Ethereum developers to add even more features to the network.

As Fortune magazine said, “ Once the merge is complete, the Ethereum mainnet will shift away from proof of work and instead adopt the Beacon Chain’s proof-of-stake mechanism.”

“The merge” will be the mix between the current Ethereum mainnet & something called the Beacon Chain. “ Currently, both chains exist in parallel. But only the Ethereum mainnet, which currently uses a mechanism called proof of work, is processing transactions.”