What Is the Ethereum Merge?
This Ethereum upgrade or "Merge," as it's being referred to, changed how new crypto transactions take place on the blockchain.
Previously, the Ethereum blockchain, like the Bitcoin blockchain, ran on a proof-of-work model,
which involves nodes — computers that are part of a large network —
competing with one another to solve complicated math problems. The
successful ones are then able to mine the next block of a transaction
and create new coins.
The upgrade transitioned Ethereum to the proof-of-stake model, which is a more energy-efficient and environmentally-friendly system. It entails nodes being selected via an algorithm that has a preference for nodes that hold more of a network's currency.
In other words, their "stake" in the network is rewarded over the computer power that's rewarded in the proof-of-work system.
BitKeep users need to take any upgrading actions for our assets..?
The #EthereumMerge is expected to happen today on September 15. #BitKeep users need to take no upgrading actions and your assets will remain intact. Considering the uncertainties of The #Merge, though, #BitKeep suggests our users to stop making transactions (including, but not limited to, transferring, buying/selling, and staking) on #Ethereum during this upgrade in order to ensure the safety of your assets.For the possible forks of #Ethereum, #BitKeep will provide access to them and launch new features that facilitate user access to fork coins. BitKeep will notify you as soon as The #Merge is complete. Thank you for your support
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