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The #Ethereum #Merge is coming around Sept 14th. It isn't easy to predict the exact date bc/ it is defined on terminal total difficulty but it will happen around this date.

🧵But what is the merge and why is it so important? This thread should help to explain it.
#EthereumMerge Image
What is the #Merge?
It is a long-awaited change from #ProofOfWork to #ProofOfStake or to be more precise the merging of the #PoW Execution Layer with the #PoS Execution Layer.

This will bring the #Ethereum Chain into a new era by removing miners and using validators instead. Image
Imagine a castle wall: #PoW is a wall made of electricity & if someone wants to break through, they need at least 51% of the total energy in place. #PoS is a wall made of money & if someone wants to break it, they need at least half the money piled up (50% atm: 6.7 Mio #ETH) Image
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