{"id":287,"date":"2022-09-09T14:20:44","date_gmt":"2022-09-09T12:20:44","guid":{"rendered":"https:\/\/ackeeblockchain.com\/blog\/?post_type=glossary&#038;p=287"},"modified":"2022-09-09T14:20:44","modified_gmt":"2022-09-09T12:20:44","slug":"ethereum-merge","status":"publish","type":"glossary","link":"https:\/\/ackee.xyz\/blog\/glossary\/ethereum-merge\/","title":{"rendered":"Ethereum Merge"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">The <\/span><a href=\"https:\/\/ethereum.org\/cs\/upgrades\/merge\/\"><span style=\"font-weight: 400;\">Ethereum Merge<\/span><\/a><span style=\"font-weight: 400;\"> is the most significant upgrade in the history of Ethereum. The Merge represents the <strong>Ethereum network&#8217;s transition<\/strong> from proof-of-work (PoW) to proof-of-stake (PoS) consensus mechanism.<\/span><\/p>\n<ul>\n<li><span style=\"font-weight: 400;\">The Merge is scheduled to take place <strong>around September 15, 2022<\/strong>.<\/span><\/li>\n<li><span style=\"font-weight: 400;\">The network will no longer be secured by miners but by stakers. To <\/span><a href=\"https:\/\/ethereum.org\/en\/staking\/\"><span style=\"font-weight: 400;\">become a staker<\/span><\/a><span style=\"font-weight: 400;\"> and earn rewards by validating the transactions, users need to deposit at least 32 ETH (~$50,000).<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The Merge is <\/span><a href=\"https:\/\/blog.ethereum.org\/2021\/05\/18\/country-power-no-more\"><span style=\"font-weight: 400;\">expected to cut Ethereum&#8217;s energy usage<\/span><\/a><span style=\"font-weight: 400;\"> by around 99.95%. The linked article argues that while the current proof-of-work mechanism consumes the energy equivalent of a medium-sized country, the new proof-of-stake mechanism will consume something on the order of a small town (around 2100 American homes).<\/span><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>The Ethereum Merge is the most significant upgrade in the history of Ethereum. The Merge represents the Ethereum network&#8217;s transition from proof-of-work (PoW) to proof-of-stake (PoS) consensus mechanism. The Merge is scheduled to take place around September 15, 2022. The network will no longer be secured by miners but by stakers. To become a staker and earn rewards by validating the transactions,&hellip;<\/p>\n","protected":false},"author":12,"featured_media":0,"parent":0,"template":"","glossary-cat":[],"class_list":["post-287","glossary","type-glossary","status-publish","hentry"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/ackee.xyz\/blog\/wp-json\/wp\/v2\/glossary\/287","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ackee.xyz\/blog\/wp-json\/wp\/v2\/glossary"}],"about":[{"href":"https:\/\/ackee.xyz\/blog\/wp-json\/wp\/v2\/types\/glossary"}],"author":[{"embeddable":true,"href":"https:\/\/ackee.xyz\/blog\/wp-json\/wp\/v2\/users\/12"}],"version-history":[{"count":0,"href":"https:\/\/ackee.xyz\/blog\/wp-json\/wp\/v2\/glossary\/287\/revisions"}],"wp:attachment":[{"href":"https:\/\/ackee.xyz\/blog\/wp-json\/wp\/v2\/media?parent=287"}],"wp:term":[{"taxonomy":"glossary-cat","embeddable":true,"href":"https:\/\/ackee.xyz\/blog\/wp-json\/wp\/v2\/glossary-cat?post=287"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}