'How the Upcoming 'Merge' of Ethereum Impacts Cryptocurrency' blockchain tatum_io
Ethereum is computer software that provides a digital ledger using blockchain technology. It has become the best way to grow many crypto applications and assets used for commercial purposes, including NFTs, native tokens, and lending products. Unlike the popular belief that an individual owns Ethereum, Ethereum is not owned by anyone but managed by a group of developers.
Again, the total values are also calculated in billions of Ethereum. You also have to understand that this is the first time in the blockchain network that a slight change will affect the Ethereum scale, a situation that compels it to transition from proof of work to proof of stake. There is a greater possibility that the merge will be a point of attention, just if things go wrong.
It is also designed to run through data network centers around the world. These data centers work with miners on the Ethereum network; hence, they are responsible for ordering different transactions posted to the ledger. The reward for the task is Ether, as in, they get paid in Ether. This system is so efficient that it has been termed a "proof of work.
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