Ethereum being programmable means that you can build apps that use the blockchain to store data or management what your app can do. This leads to a normal objective blockchain that can be programmed to do anything. As there is no such thing as a restrict to what Ethereum can do, it permits for great innovation to happen on the Ethereum network.
In January 2022, the Ethereum Foundation announced the choice to remove the «Ethereum 2.0» terminology to «save all future users from navigating this confusing mental model.» It went on to clarify that the previously-referred-to phrases of «Ethereum 1.0» could be branded the «execution layer,» whereas «Ethereum 2.0» will likely be referred to as the «consensus layer». This is ultimately to offer a extra accurate version of the Ethereum roadmap.
In the event you own a present-era graphics card with a hash price limiter you may nonetheless mine Ethereum. My most well-liked mining software program, T-Rex, can now reach 78% of a non-restricted card’s efficiency when mining Ethereum alone. This implies that every one LHR Nvidia playing cards are still profitable, nonetheless, it cuts into an already small profit.
The brand new undertaking called EthereumPoW (ETHW) appeared lately. The developer group wants to carry on the original Ethereum chain without switching to POS. We don’t think it can be potential to switch the miners from ETH to ETHW mining easily. The ETHW network will begin sometime after the Merge occasion itself.
In an update on the progress of the Merge, on April 13, 2022, Ethereum developer Tim Beiko tweeted an update on the progress of the Merge, stating that they are «definitely in the ultimate chapter of PoW on Ethereum.» He also talked about that customers can expect it to occur a number of months after June, though no actual date was offered. This got here on the again of the first mainnet shadow fork — to test the transition to PoS on Ethereum — that was successfully implemented on April 11, 2022.