After six years in the making, Ethereum Merge is now complete. It is a
massive upgrade that will make the Ethereum network a lot more interesting and
help the blockchain run efficiently while adding new features.

Founded by Vitalik Buterin, Ethereum has been a leading blockchain
platform for decentralized applications since its launch in 2014. While there
are several platforms with different use cases and features, none have achieved
nearly as much adoption as Ethereum so far.

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What is Ethereum Merge?

The Ethereum network’s upgrade includes several major changes. The most
important is the transition to a new mining algorithm – proof-of-work (PoW) is
being replaced with a new algorithm called proof-of-stake (PoS) as part of the
comprehensive effort to decentralize mining. It is designed to be more
resistant to ASIC hardware.

The Ethereum Foundation, a prominent non-profit organization that says
it supports Ethereum, says the upgrade will clear the path for further blockchain
updates that will facilitate cheaper transactions, reported Reuters.

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One of the major issues with crypto mining has been the huge amount of
energy it consumes and how it affects the environment. The Merge is expected to
reduce the network’s overall energy consumption by more than 99%.

Currently, Ethereum supports basic functionality for smart contracts,
but new functionality will allow contracts to create their own tokens. Those
tokens would then be distributed as a dividend to ETH holders.

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ETH is launching a new programming language that will help developers to
create more resilient decentralized applications. The new language will make it
easier to write secure code and could make it simpler for newcomers to work on
the platform.

Ethereum is introducing new features that will ensure a better
understanding of the code and the EVM. They’re also adding new features to make
it easier to develop decentralized applications.

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The Ethereum Merge’s underlying technology is designed to be backward
compatible, which means developers who build applications based on the current
version of Ethereum should be able to move the code to the new network without
having to make any changes.