Developers have been working on solutions to perfect the infrastructure of the Ethereum network. A few days ago, these developments led to the completion of the Ethereum Merge.
Ethereum was developed with the Solidity programming language. However, the Merge led to the development of a new programming language, which will make it easier for developers to be part of the network.
Blockchain Developments Are the Driving Forces Behind the Ethereum Merge
The blockchain infrastructure has been one of the most disruptive technological breakthroughs of the 21st Century. Developers have been working extensively to improve the blockchain in many ways. AJ Agrawal wrote a post in Entrepreneur that focused on some of the improvements that could be made to the blockchain. These include using solutions like MetaHash to improve the existing blockchain infrastructure, using parallel subcommittees, splitting the block verification process, and leveraging other technologies to enhance privacy and scalability.
These infrastructural developments have led to a number of trends as more developers push for new advances in blockchain technology. The Ethereum network is among the entities most affected.
In an industry built on digital prowess and revolutionary technological thinking, companies that stagnate are doomed, so the Ethereum network must constantly innovate to keep pace with an ever-changing landscape, or risk being left behind.
The Ethereum Merge has shaped the future of Avalanche 2. New developments in the blockchain have given the network blistering speeds and a robust framework that poses a serious threat to Ethereum.
However, the Ethereum Merge is now upon us. Will this monumental event in crypto history allow Ethereum to swat aside its potential usurpers? Let’s find out.
What Changes Have Developers Introduced and What Does the Merge Mean for Developers Moving Forward?
Developers wrote the code for the Ethereum Merge with the Solidity programming language. However, the changes have led to the inception of an entirely new language, which will make it easier for developers to join the Ethereum community.
The Ethereum Merge has involved some significant changes in the Ethereum blockchain. Before the change took place, it operated across two different blockchains: one that focused on proof of stake and another that used proof of work. These blockchains were merged into one after the Ethereum Merge took place.
Developers actually created a new programming language to carry out the Ethereum Merge. They are releasing it to the public, so other programmers can create secure code on the EVM network.
These changes are backward compatible, so developers that already created code for the network won’t have to make modifications. They will have to make modifications to their code with future updates. However, they will have an easier time, since the network has released a new programming language that will be easier to generate code for it.
What Is The Ethereum Merge?
Originally, the Ethereum blockchain platform operated on what is known as a proof-of-work (PoW) system. PoW is a consensus mechanism, used to verify and record crypto transactions. Transactions are added as blocks to the blockchain, needing confirmation of legitimacy before being added. Blocks generate a unique hash, with participants on the network, or miners, competing to generate a hash that is equal to or less than that of the block. Once this target hash is generated, the block will be confirmed, and the winning miner will be rewarded with new cryptocurrency. PoW requires immense computing power to generate these hash codes and is the primary reason behind crypto’s negative carbon footprint.
With the Merge, Ethereum moved to a new system known as proof-of-stake (PoS). This protocol randomly selects a validator from currency holders, based on how much of the currency they have staked in the blockchain. Their coins are used as collateral when chosen, and they are then rewarded when a transaction is validated. In the PoS system, several validators are required to verify a transaction before it can go through. PoS offers several advantages over PoW: it is faster, provides more financial incentives for participants, and perhaps most importantly, significantly reduces required computational power and therefore detrimental impact on the environment.
Developers Come Up With Major Improvements to Ethereum Network as Ethereum Merge Rolls Out
Developers around the world have introduced some changes to blockchain and other infrastructural elements of the Ethereum network. These changes have had a significant effect both on Ethereum and other digital coins. They can help improve the logistics of the network, but they are equally important in helping with energy efficiency. This development is one of the biggest selling points of the recent changes since many investors are concerned about sustainability.