After The Merge │ Part 2: The Verge 🏔️

#Ethereum #TheMerge #TheVerge

(1/28) The Verge in a nutshell:

- Replaces the state Merkle tree with a Verkle tree...
- ...which allows for builders to attach Verkle proofs to their blocks...
- ...allowing validators to statelessly verify blocks.

What does this word salad mean?

First, some context:

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After The Merge │ Part 1: The Surge 🌊

Act 1: Why do we need the Surge?

#Ethereum #TheMerge #TheSurge

(1/41) The ‘Merge’ refers to Ethereum’s upcoming transition from Proof-of-Work to Proof-of-Stake, and is currently scheduled for mid-September 2022.

This begs the question: What’s left for Ethereum to do after it moves to Proof-of-Stake, a stated goal since 2014?

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Ethereum's Proof-of-Work vs Proof-of-Stake - A Definitive Guide

As #Ethereum moves closer to #TheMerge 🐼, there’s going to be a *ton* of misinformation and FUD coming out in the coming weeks.

This unbiased 🧵 assesses how well PoW and PoS fare in key areas of interest.

(1/49) 🛡️Security - PoW

51% of network computing power is needed to defraud the chain, requiring prohibitively expensive investments in equipment and energy.

There are also penalties for miners submitting incorrect blocks via sunk costs in computing power, time and energy.

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