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Ethereum Forum / Re: Why you need to stake your Ethereum now
« on: September 18, 2022, 02:16:26 PM »The merge will make the Ethereum blockchain almost immediately faster, more scalable, and 99% more energy-efficient. It should, in theory, be wonderful for Ethereum (both the network and the asset). Whether the price of ETH actually moons after the merge, or whether it's already "baked in" and doesn't budge, is anyone's guess—and we don't do any price predicting
Ethereum completed the long-awaited transition from being a blockchain validated by a proof-of-work consensus mechanism—like the one currently employed by Bitcoin, in which miners with the most computing power generate the most coins—to a much more energy-efficient proof-of-stake algorithm—where miners who stake the most ETH validate the most transactions, and reap the rewards.
successfully ushering in Ethereum’s proof-of-stake era and forever changing both the way ETH is created and how transactions on the Ethereum network are validated. Ethereum has now done away with the energy-intensive process of crypto mining on its network, and instead introduced “staking”—which incentivizes ETH holders to pledge their assets to the network in exchange for passive yield.