Ethereum Merge Activation Has Five Major Effects: Andreessen Horowitz
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Ali Yahya, General Partner at Andreessen Horowitz, posted a message to show the five most important outcomes of the Ethereum (ETH) pooling activation.
- Efficiency, security, decentralization: What’s special about Merge activation?
- Ethereum (ETH) transactions cannot be reversed now
In a detailed post, Ali Yahya called Merge’s activation “one of the most important moments in open source history” because of its complexity, community-driven nature and ability to make Ethereum “a far superior blockchain than it was before.”
Efficiency, security, decentralization: What’s special about Merge activation?
The lead partner of VC Behemoth emphasized that this radical update was implemented without shutting down Ethereum (ETH) operations – literally while the blockchain was running.
One for the history books. 📕https://t.co/ZkZfzwWprQ
– a16z crypto (@a16zcrypto) September 16, 2022
Ethereum (ETH) maintained full availability and Merge activation, while thousands of dApps with billions locked up were operating normally.
Meanwhile, the update is a game changer for Ethereum (ETH) and the entire Web3 segment. Namely, post-merger Ethereum (ETH) is 100 times more energy efficient than its predecessor.
Ethereum for PoS is much more secure: it opens up the possibility of punishing attackers. Its network participants are incentivized to support the integrity of its consensus because they have “skin in the game.”
Ethereum (ETH) transactions cannot be reversed now
Then, while the price of the entry ticket is still very high – the minimum validator deposit is 32 Ether – the proof-of-stake version of Ethereum (ETH) is fairer and more comprehensive than it was in the PoW era.
Last but not least, the PoS design guarantees 100% transaction finality: post-merger Ethereum (ETH) transactions cannot be reversed in any way. This, in turn, leads to PoS Ethereum’s impressive advancements in scalability and interoperability.
As previously covered by U.Today, the Ethereum (ETH) network, the second largest blockchain, will activate its Merge update on the mainnet on September 15, 2022.
Once this update is activated, Ethereum (ETH) will replace Proof of Work with Proof of Consensus Proof of Stake.