The Merge

E364847

The Merge was Ethereum’s landmark transition from proof-of-work to proof-of-stake consensus, fundamentally altering its security model, energy usage, and ETH issuance dynamics.

All labels observed (4)

Label Occurrences
The Merge canonical 4
Ethereum 2.0 1
Ethereum Merge 1

How this entity was disambiguated

Statements (51)

Predicate Object
instanceOf Ethereum network upgrade
blockchain protocol upgrade
consensus mechanism transition
appliesTo Ethereum blockchain
surface form: Ethereum
backwardCompatibility preserved existing Ethereum account balances
preserved existing application state
preserved existing smart contracts
blockHeight Ethereum blockchain
surface form: Ethereum mainnet terminal block 15537393
clientType consensus client
execution client
combined Ethereum execution layer
surface form: Ethereum mainnet execution layer with Beacon Chain consensus layer
coordinatedBy Ethereum core developers
date 2022-09-15
didNotInclude sharding
significant gas fee reduction
significant transaction throughput increase
effectOnBlockProduction moved block production from miners to validators
effectOnEnergyUsage reduced Ethereum energy consumption by over 99 percent
effectOnETHSupply made net ETH supply potentially deflationary under high usage
effectOnIssuance reduced net ETH issuance
effectOnMining eliminated ETH mining on Ethereum mainnet
effectOnSecurityModel shifted security from hash power to staked ETH
enabled validator-based block proposal and attestation
executionEnvironment Ethereum Virtual Machine
surface form: EVM remained unchanged at merge time
followedBy Ethereum proof-of-stake era
governedBy Ethereum consensus specifications
impactOn51AttackModel changed cost structure of attacks from hardware and energy to capital stake
impactOnFinality introduced economic finality via PoS
impactOnIssuance introduced rewards to validators
reduced base ETH issuance rate
removed block rewards to miners
interactionWithEIP EIP-1559 fee burn mechanism
introducedConsensusMechanism proof-of-stake
network Ethereum blockchain
surface form: Ethereum mainnet
precededBy Ethereum proof-of-work era
primaryGoal alter ETH issuance dynamics
change Ethereum security model
reduce energy consumption of Ethereum
relatedComponent Beacon Chain
consensus layer
execution layer
replacedConsensusMechanism proof-of-work
requiredClientSetup running both an execution client and a consensus client
requiredStake 32 ETH for a full validator
testingPredecessor multiple testnet merges
testnet Goerli testnet merge
Ropsten testnet merge
Sepolia testnet merge
triggerCondition Terminal Total Difficulty 58750000000000000000000
withdrawalsLaterEnabledBy Shapella upgrade
withdrawalsStatusAtActivation validator withdrawals not yet enabled

How these facts were elicited

Referenced by (7)

Full triples — surface form annotated when it differs from this entity's canonical label.

Ether monetaryPolicyChange The Merge
Ethereum Foundation supportsProject The Merge
this entity surface form: Ethereum 2.0
Prysm supports The Merge
this entity surface form: Ethereum proof-of-stake
Prysm supportsUpgrade The Merge
Lighthouse supportsUpgrade The Merge
Shanghai relatedTo The Merge
this entity surface form: Ethereum Merge