'How Web3 Will Be Changed By The Merge' cc: sora_xor defi ethereummerge
In what sounds like a twisted dystopian event, is actually the most significant change in the Ethereum protocol’s history. Not just Ethereum, but also for cryptocurrency in general. It signifies one of the most major changes in this technology’s short-lived history.
However — there was a problem. Proof of Work relies on increasing difficulty to secure its consensus. This meant that every year, Ethereum consumed more and more resources, as crypto miners had to solve harder and harder problems to prove the state of the network. It’s like taking a bike and putting an electric motor on it, while you’re still pedalling it manually on the freeway.
Pre-merge, everything was bundled into a single client. Post-merge — there are two clients. One is deals with syncing network state , while the other layer focuses on smart contract executions, block production, and and storage.
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