What's The ETH Merge? [ Explained Simply With Animations ]

What is The ETH Merge?
The Merge is the next step in the evolution of Ethereum. It is an upcoming event that will see the existing execution layer merged with the recently deployed consensus layer (the Beacon Chain) - this will form a mainnet platform secured by proof-of-stake, while still maintaining the original Ethereum state.
Right now, there are two independent blockchains for Ethereum operating in isolation. These are the current proof of work (POW) Ethereum chain and a separate proof of stake Beacon Chain.
Following the merge, the Beacon Chain (currently used only for testing) will act as Ethereum’s consensus layer, and will store and manage the registry of validators - these validators will help secure the network by bundling transactions into blocks for addition to the blockchain. Meanwhile, Ethereum’s POW mechanism will be permanently scrapped.
The Merge aims to dramatically improve the efficiency of the Ethereum platform by eliminating the need for energy-intensive mining. It instead allows a network of validators to take over the role of block production and consensus.
Following The Merge, Ethereum’s energy usage and carbon footprint will decrease by approximately 99.95%, tackling one of the major sticking points for regulators, developers and users - its environmental impact.
It is expected that The Merge will help to further decentralize Ethereum by democratizing access to the validator set. Over time, this will also improve its security, since more participants will make it harder and more costly to coordinate a 51% attack.
The Merge will also help lay the foundations for further upgrades that will improve Ethereum’s scalability - potentially including support for sharding and verkle trees.
The Merge is currently expected to take place on September 15, 2022. That said, this is a soft deadline, which means it is subject to change.
For Ethereum users, The Merge will not lead to a noticeable change when it comes to interacting with Ethereum DApps or submitting transactions - most wallets and centralized platforms will continue to work as usual.
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[@nathancox9928]

Cool graphics, but a rather useless video. I don't think most people were coming here to look for more corporate eco-propaganda. People were hoping to know more about the concept regarding the merge's proof-of-stake and how it works.

[@jeltje50]

Imagine thinking that less energy consumption is bad and propaganda.

[@stanglova86]

i fell asleep watching this ... goodthing i move to stables

[@konstantinpodolskiy3514]

Yea, New York didn’t get any better since roaring 20s. So good luck

[@tinaholt3763]

How to cash out my Coinmarket mining account

[@wajdefi558]

Really informative, thank you! :)

[@CoinMarketCapOfficial]

Thanks for watching!

[@Woozy69th]

Hey we have a electric car so basically is low cost, but we need more coal to produce energy, my ass is going to be centralized.

[@pro-max6977]

Good jobs family CoinMarketCap thank you for great efforts goooooooood👍😎

[@choojinho]

definitely one of the best animated vids you guys have done by far! Super excited for the merge too

[@CoinMarketCapOfficial]

Thanks!

[@Noworneverhaha]

Nice job

[@JunkBondTrader]

Non spam comment here... Not only should miners have been prepared, but I don't think ETH would survive if it didn't change to POW. When regulation comes, and instituttional adoption takes hold, I believe they will look to POS. They don't like investing in anything at odds with the government or the public, and POW may very well be banned one day. This transition will bring us closer to institutional adoption.

[@guldberg75]

Considering the energy cost of the current financial system, i cannot believe that someone who knows about crypto would even mention it in the manner that is in this video. And the fact that on most PoS mechanisms, 1% of holders has majority on what to pass through on votes. NOT something i'm a fan of. But this video is probably mostly aimed at explaining the merge in simple terms, and not a 'review' of eth itself, so i'd still like to compliment a work well done.

[@bluessrv1]

Yeah, going "green" is nothing more than a money laundering operation. There's plenty of scientific research showing that PoW does NOT use the amount of energy the "Green New Deal" liars are saying. But, we live in a world of "just read the headlines" so many people buy into this sham. As an ETH miner it's going to be sad to see PoW go.

[@colinhobbs7265]

You say that like the few people running massive mining farms don't have similar control over PoW

[@bluessrv1]

@@colinhobbs7265 Then get your own big mining farm.

[@colinhobbs7265]

@@bluessrv1 How the fuck is an average person supposed to compete with someone who has a 100,000 dollar mining operation?

[@bluessrv1]

@@colinhobbs7265 What, are you somehow "owed" something because the other guy has it then you should have what he has? Build up your own rig like they did. Many started small just like the rest of us.

[@KFINANCEO]

Thank you for your great efforts

[@CoinMarketCapOfficial]

It's our pleasure!

[@tranthanhdat7980]

Good project

[@swannhtetvolcano6765]

hi sir
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