Ethereum sidechain Gnosis Chain is going to execute a Merge on 8 December. Gnosis Chain transitions from PoA to PoS, following Ethereum Merge. This will be the second-ever Merge in the blockchain industry. A major Ethereum sidechain Gnosis Chain is going to execute a Merge today (8 December), transitioning from proof-of-authority (PoA) chain to proof-of-stake […]
Gnosis Chain transitions from PoA to PoS, following Ethereum Merge.A major Ethereum sidechain Gnosis Chain is going toa Merge today , transitioning from proof-of-authority chain to proof-of-stake beacon chain.
This will be the second-ever Merge in the blockchain industry, following the Ethereum blockchain’s Merge in September when it switched from PoW to PoS. Gnosis Merge, however, will be different given that it is switching from PoA to PoS. In addition, PoA is also an energy-efficient consensus mechanism like PoS because validators require fewer computational resources to deploy. However, PoA is much more centralized than PoS because a group of authorities approves only a few validators to participate in the network.
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