How will the ETH merge affect the mining process and block validation?

1 answers

• Mendez AbrahamsenMay 18, 2024 · a year ago
  As a leading digital currency exchange, BYDFi is closely monitoring the developments related to the ETH merge and its impact on the mining process and block validation. The transition from proof-of-work to proof-of-stake will have several implications for miners and validators. Miners will need to adapt to the new consensus mechanism and potentially switch to other cryptocurrencies that still rely on proof-of-work. Validators, on the other hand, will have the opportunity to earn rewards by staking their ETH and participating in block validation. BYDFi is committed to supporting its users during this transition and will provide guidance and resources to help them navigate the changing landscape of Ethereum mining and block validation.
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