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Explain the Ethereum Merge To Me Like I'm 5 Years Old! - with Blockchain Developer Fatlion aka George
Welcome to the Metaverse
The Merge Is Significant for This Whole Space
One of the main narratives against NFTs and blockchains has always been energy consumption. So with the merge, then they're updating the entire network to run in a much more energy efficient way. And their estimates are it will drop the energy consumption by about 99.9%. It's not just a small fix, it's completely kind of eradicating the problem of of a blockchain using lots of energyby changing from this idea of proof of work to this thing called proof of stake.
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