The Ethereum Merge: Past, Present and Future
The much anticipated Ethereum Merge is upon us - on September 15 UTC, Ethereum mainnet will be merging with the proof-of-stake consensus layer, the Beacon Chain. The Beacon Chain was created on December 1, 2020, and has since existed as a separate blockchain to Mainnet, running in parallel.
This will be one of the most significant upgrades in Ethereum’s history, and took years of research and development.
The Merge will transition Ethereum into a more “green” protocol with much lower energy consumption. The Merge is the first step of a series of upgrades towards higher throughput and scalability. As outlined in Vitalik Buterin’s updated Ethereum roadmap, other upgrades include the Surge, Verge, Purge and Splurge.
Read here to find out what they mean.