Ethereum recently merged the Byzantium and Constantinople updates. This was the 2nd and 3rd phase of the Ethereum roadmap. This update was one of the biggest events in the Blockchain in the past year.
The Ethereum merge was a major milestone for the Ethereum network. This update was designed to improve the scalability, security, and privacy of the Ethereum blockchain. The merge enabled using features like smart contracts, dApps, and Defi.
The Byzantium and Constantinople updates also introduced a new consensus algorithm, “Proof of Stake.” This new algorithm improves the speed and cost of transactions.
Using Proof of Stake, users can validate transactions without using miners. This is a big step forward for the Ethereum network and makes it more efficient.
The merge also enabled the use of several new technologies. These include sharding, which allows the Blockchain to be split into multiple parts, and Plasma, a scaling solution. These technologies will help Ethereum to scale more efficiently and be more secure.