We all have heard about the wonders of the Ethereum Merge for a while, but how much do we know about its flaws?
mean that a network is using less computing power to add and verify transactions on a blockchain. In the case of Ethereum, the drop in hash rate is mainly because miners have either turned off their rigs or switched to other PoW-based cryptocurrencies that are more profitable to mine.Whereas miners in a proof-of-work system put their capital at risk by investing energy to validate a block, validators in a proof-of-stake system put their cryptocurrency at stake.
After the validator executes the transactions in the block, they check the signature of that block to confirm its legitimacy. If it is a valid block, the validator sends an attestation, or vote, for that specific block across the network. The only thing that changes for ETH holders is how the network operates and processes transactions. The Merge affects miners, node operators, and developers more than it does regular users. For example:
A fundamental flaw in the Merge is that it will likely increase the concentration of power within the network. The more valuable a staker’s position is, the more they will be rewarded for validating blocks. This could lead to a situation where a small number of wealthy individuals or groups control the majority of the stake and have disproportionate influence over the network..
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