The Beacon Chain coordinates the network of “stakers” and following Merge, will see Ethereum moving into a new proof-of-stake (PoS) system from the previous proof-of-work (PoW) system.
The global community of cryptocurrency holders and investors will have their eyes on Ethereum for the next few weeks as this high-profile cryptocurrency is poised for a significant structural upgrade on Sept 19 that promises to be more sustainable, accessible, yet, secure.
This so-called “Merge” event will see the Ethereum platform merge its existing execution layer with its coordination mechanism, Beacon Chain, which is now running in parallel.
