The Ethereum merge is the biggest and most important software update to happen in decades because it drastically reduces the energy used to create and register an NFT on the blockchain. The energy expensive proof-of-work setup – that demands lots of decentralised power to process transactions due to a direct link miners – has been replaced by a more efficient system that uses collections of the token stored in 'staking wallets', with those contributing earning as much as 5.
And we finalized!Happy merge all. This is a big moment for the Ethereum ecosystem. Everyone who helped make the merge happen should feel very proud today.The decrease in energy consumption takes one criticism of NFTs off the table, which in turn could see Ethereum once again become the most used blockchain for non-fungible tokens.
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