Home Ethereum Vitalik Buterin Performs Down Impression of Ethereum Forks After Merge – CoinDesk

Vitalik Buterin Performs Down Impression of Ethereum Forks After Merge – CoinDesk

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The blockchain plans to change to a proof-of-stake (PoS) mechanism, an occasion often called the Merge, subsequent month in a transfer builders say will make it cheaper, sooner and extra environmentally pleasant. The change from a proof-of-work (PoW) system will finish an revenue stream for Ethereum miners, who’re rewarded with ether (ETH) tokens for his or her efforts. Miners produced $620 million in ether in July alone, data shows. Tron founder Justin Sun has emerged as some of the distinguished buyers supporting a hard fork to maintain the cash flowing.

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