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Ethereum Merge Complete: Devs Test Shadow Forks on Ethereum Network

For the past few years, the Ethereum community has been eagerly anticipating the Merge, which is expected to bring significant scalability and sustainability improvements to the network. The Merge is a crucial testing stage that will enable Ethereum to transition seamlessly from the proof-of-work (PoW) consensus algorithm to the more sustainable PoS.

The Merge is anticipated to result in significant scalability improvements, as well as reduce Ethereum’s carbon footprint by up to 99%, making it a more environmentally friendly choice for both users and investors. The new PoS algorithm’s speed will make Ethereum a more suitable choice for decentralized applications (dApps) and other use cases.

Development Updates

While the Merge has generated high hopes, Ethereum developers have been working hard to resolve several significant issues on the network, including the steep gas prices that have long plagued many users. To address this, developers have been exploring multiple solutions, such as EIP-1559, which aims to reduce gas fees and improve the user experience.

Additionally, the Ethereum Virtual Machine (EVM) has been a major player in the smart contract execution process on the network. The EVM has been targeted by developers to enhance its performance, resulting in faster and more efficient smart contract execution.

Decentralized finance (DeFi) applications and non-fungible tokens (NFTs) have caused a significant increase in network congestion, leading to longer transaction times and higher gas fees. To address this issue, developers are exploring different options such as rollups, sharding, and zk-SNARKs. The purpose of these solutions is to enhance network performance, decrease congestion, and facilitate faster transaction processing.

As a result, Ethereum’s roadmap now includes the successful testing of shadow forks as part of the Merge process. Ethereum testnet deployment and mainnet rollout are the next major milestones for the Merge. While an exact date has not been announced, Ethereum developers are hopeful that the process will be completed by 2022.

The Merge is a crucial milestone for the Ethereum community, as it would open up new opportunities and conditions for achieving broader sustainable, scalable, and efficient networks. While the world is reeling from the 2008-09 global recession, there is one certainty: Ethereum’s future is looking bright, and the Merge marks the beginning of a new era.

For more insights and information on the Ethereum Merge and its implications, check out this article on CoinSeeks.com, which provides an in-depth analysis of the Merge and its impact on the cryptocurrency space.

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