Ethereum is preparing for an upgrade that’s been described as “the single most important event in crypto history.” The transition would overhaul the infrastructure of the world’s second-largest blockchain. Analysts predict the changes could cut the network’s energy costs by 99% and push the price of Ether, but the plans have been beset by delays. Here’s everything you need to know about the long-awaited “merge.” What is the Ethereum merge? The merge aims to make the Ethereum blockchain more efficient by switching from a proof-of-work (PoW) mechanism to a proof-of-stake (PoS) system. PoW, which was pioneered by Bitcoin, is secured…
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