Ethereum transitioned from PoW to PoS (“The Merge”), cutting energy use and unifying Mainnet with Beacon Chain

Description

Ethereum transitioned from proof-of-work to proof-of-stake on September 15, 2022, merging Mainnet with the Beacon Chain and reducing energy consumption by over 99%.

Event date

September 15, 2022

Quotes that support claims

At 2:45 am EST, the Ethereum network successfully began its transition—with no hiccups—from proof of work to proof of stake, a historic feat anticipated by the crypto community for over five years.

The Merge was executed on September 15, 2022. This completed Ethereum's transition to proof-of-stake consensus, officially deprecating proof-of-work and reducing energy consumption by ~99.95%.

In September 2022, Ethereum made the transition from a power-hungry, proof-of-work system to an environmentally friendly proof-of-stake system. This switch is known as the "merge.”

Tags

Week 38 of 2022