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The Ethereum Merge: Dangers, Flaws And The Pitfalls Of Centralization


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The Merge

On September 15, Ethereum is planning to endure its long-promised “Merge,” the place the protocol will shift from a PoW (proof-of-work) consensus mechanism to a PoS (proof-of-stake) consensus mechanism.

On this report, we are going to present particulars on how the proof-of-stake mechanism works for Ethereum, utilizing technical definitions supplied from Ethereum paperwork. Second, we are going to consider the transfer to proof-of-stake from first rules, which can embrace a proof as to why a lot of the reasoning for the transfer is probably flawed. Final, we are going to cowl the chance elements of the Ethereum PoS mechanism evaluating and contrasting the governance to Bitcoin and a PoW consensus mechanism to articulate the elemental variations between the methods.



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