PoA to PoS

About This Trend

Proof of Work (PoW) to Proof of Stake (PoS) is a significant shift in cryptocurrency network validation mechanisms, where miners verify transactions.

According to CoinDesk, Ethereum's highly anticipated transition from PoW to PoS, also known as 'The Merge', has finally taken place, marking a major milestone in the network's evolution. This change is expected to reduce energy consumption and increase transaction speeds. Ethereum co-founder Vitalik Buterin tweeted about the successful upgrade, which has been in development for years. A CoinDesk article provides an in-depth analysis of the implications.