William from Oklahoma City

Registered at the crypto broker BitMart 47 minutes ago.

» Try BitMart too
Do not show again

One year ago, the original Ethereum Mainnet merged with the proof-of-stake blockchain known as the Beacon Chain.

Since then, the Ethereum network has existed as one proof-of-stake blockchain. This event came to be known as the Merge, and it will go down as one of the most important days in crypto history.

This is especially because Ethereum has been the second-largest cryptocurrency for many years now. The main result of the Merge is a massive reduction in energy consumption (about 99.95% reduction).

Why Did the Ethereum Merge Happen?

The main reason for the Merge was to eliminate the need for energy-intensive mining. Instead, the network is now secured with staked ETH. Advocates and critics of crypto have all praised the decreased energy consumption as it makes crypto more appealing to use. Other reasons that drove the decision to transition to a proof-of-stake consensus mechanism are:

  • Increased decentralization as node operators would have lower hardware requirements
  • Faster transaction completion
  • Making Ethereum a more deflationary asset

It is worth mentioning that the network hasn’t achieved all its goals with the Merge. For example, the speed and cost of the transactions haven’t improved much after the switch. The network also seems even more centralized now as you need 32 Ether to become a validator.

Because of the high cost of entry, most investors choose to join a group of other people to raise funds to become validators. The risk here is that centralized entities could take over the network and introduce issues like censorship.

The two goals the network has achieved are decreased energy consumption and the reduction in Ethereum inflation. Before the Merge, an average of 13,000 Ether were mined every day. With the new system, about 1700 Ethers are issued as rewards daily, which marks a 90% decrease.

Rating: 9.5/10
Supply: 118,780,000 / 200,000,000
Release date: August 1, 2014

Description: Discover Ether, the native coin of Ethereum.

Risk warning: Trading, buying or selling crypto currencies is extremely risky and not for everyone. Do not risk money that you could not afford to loose.

Concerns with Ethereum After the Merge

A few issues have arisen after the Ethereum network switched to PoS. Aside from the risk of governance takeover and censorship, the Merge has made the network more vulnerable to attacks. This is because the network informs node validators which transactions they’ll be validating in advance, thus enabling criminals to plan their attacks.

In theory, this could be an issue if a person gets to validate two consecutive blocks. Similar exploits are impossible in proof-of-work blockchains since the validators don’t have time to plan attacks.

It is important to mention that the network has never been hacked, and this issue is highly unlikely to ever happen. Proof-of-stake offers fairly practical security.

The price of Ether dropped notably after the Merge, and this was because the switch didn’t fix its congestion or high fees. Many investors were taking profits and abandoning the coin given its uncertainty. Experts noted that the Merge wasn’t meant to solve every issue immediately. It was only supposed to lay the groundwork for the future improvement of the Ethereum network.

Another problem that was noted in the days following the Merge is the confusion about the coin. Since the network was constantly being referred to as ETH 2, some holders were convinced to swap their Ether for the new ETH 2 coins. Naturally, this led to loss of funds as the network didn’t introduce any new coins.

How is ETH Issued Post-Merge?

Before the Merge, ETH was issued in two different layers: the execution layer and the consensus layer. Miners only interacted with the execution layer and would be rewarded if they were the first to solve the next block. The process of mining was the core of the proof-of-stake consensus mechanism and was energy-intensive.

The consensus layer was introduced in 2020 when the Beacon chain went live. Ethereum users would deposit ETH into a smart contract on the Mainnet chain and collect an equal amount of ETH on the Beacon chain. Validators on the Beacon chain were rewarded based on their performance, although the reward was significantly lower than that of miners.

Post-Merge, ETH is only issued to validators who stake the cryptocurrency for rewards. The execution layer issuance was eliminated as of September 15, 2022 (the day of the Merge).


Ethereum has been the second most important cryptocurrency for many years. In September 2022, the network was officially transformed into a proof-of-stake blockchain, meaning mining was no longer a way of obtaining new ETH. This transition reduced the energy consumption of the network by more than 99%.

QR code to visit Coinbase App
Info symbol Get Coinbase App

Rating: 9.3/10
Number of instruments: 32+ instruments

Description: Sign up to one of the best and most easy-to-use crypto platforms!

Risk warning: The crypto market is volatile. Don’t risk more money than you can afford to loose.

by Our Certified Author
Ether Newsflash
    Try an Ether casino with 185+ developers with MOSTBET!Try an Ether casino with 185+ developers with MOSTBET!
    Monday, 21 Aug 2023 9:37 am
    When we first came across MOSTBET (review), we knew for certain it was an awesome casino with sportsbook that definitely deserved our full attention. But we were blown away when we saw how many developers they have. Weighing in with 5000 titles from over 185 different studios was something you don't often come across in the iGaming space, particularly not in the Bitcoin casino niche. But, that's exactly what MOSTBET comes to the table with. Pretty incredible. Launched in 2009, it's well established in many global locations and what's more is that it has deposit methods that cover almost all jurisdictions. Plus, the wallet-to-wallet crypto transfers are handled within minutes, so you don't have to wait for any winnings. Play MOSTBET now and experience a truly fantastic global crypto casino and sportsbook...
    Read the full newsflash

    Play a brand new Ether casino this weekend: CryptoCasino Play a brand new Ether casino this weekend: CryptoCasino
    Sunday, 20 Aug 2023 8:14 am
    We all love Bitcoin casino sites, but have you heard about Ether casinos? What if we told you about a really cool, newly launched casino with one of the most apt and cool names in the whole niche? CryptoCasino (review) is one of the most intriguing sites we've reviewed this year, with one of the best loyalty reward programs in the industry where at the highest tier you get fantastic cashback and even vacations on the house! And, as we said earlier you can deposit and play with Ether, which is one of the most important coins in the cryptosphere. Play CryptoCasino now and get up to 0.313 ETH in a match deposit welcome bonus to get you...
    Read the full newsflash

    Bitubet - 200% bonus on Ethereum casino siteBitubet - 200% bonus on Ethereum casino site
    Wednesday, 9 Aug 2023 7:45 pm
    Are you tired of small bonuses that only gives a few hundred and comes with 100%? Well, say hello to Bitubet (see review) that just done a nice re-branding and have everything you can ask for from a proper Ethereum casino site. New players can enjoy a 200% bonus up to 11,000 USDT, along with 50 free spins. Try Bitubet casino now - and enjoy a classy brand with rewarding bonuses and a great selection of games and VIP benefits for loyal customers. It starts from wooden and goes on until diamond level...
    Read the full newsflash

    Let's go play on Lezgo, an Ethereum casino with sportsbook!Let's go play on Lezgo, an Ethereum casino with sportsbook!
    Friday, 4 Aug 2023 9:29 am
    Have you every played an old-fashioned fruit machine in a pub or bar and been transfixed by the spinning symbols and flashing lights? Have you every wondered if that experience could be replicated from the comfort of home? Well, let's introduce you to the one and only Legzo Casino (review). Not only that, but you can bring the bookies to your boxer-short chill session on the sofa with its superb sportsbook. If you sign up today there's a four-stage welcome bonus waiting for you worth over 1000 USDT and there are literally thousands of games to enjoy with BTC or ETH (plus lots of other coins) to deposit and play with too. Come and play or simply...
    Read the full newsflash

    Check out the best new Ethereum casinos for July 2023Check out the best new Ethereum casinos for July 2023
    Thursday, 27 Jul 2023 7:37 am
    Everyone talks about BTC casinos - gotta love those pesky maximalists - but increasingly Ethereum casinos are becoming the trendiest sites in town. And for good reason. Ether is the second biggest crypto after Bitcoin so it makes sense that people are keen to gamble with it too. And luckily for you, we've got three ETH casinos we'd like to share with you. First up is the recently reviewed QuickWin (play now!) with the chance to win a Lamborghini Huracan alongside a nice 'hello' bonus of 100% up to €500 + 200 Free Spins. Not bad. Second up is the mighty Coin Play (try it), Tom from Crypto Lists' current favorite. It's a got a superb variety of games alongside a fantatsic sportsbook. And, an iOS and Android app for players always on the go. Did we mention the 17,500 USDT welcome bonus? Crazy, right? Last but not least is the top rated casino currently on our site, Spinarium (check it out). Where to start? It's brand new (a week old today - Happy Birthday!), has 160+ game developers bringing you 6000 games. Oh, and it's got loads of crypto deposit methods too. Try one (or all of them if you're feeling lucky) and let us know which one is your fave...
    Read the full newsflash

New Casino Reviews
New Crypto Casinos
Best Crypto Casinos
Recent Crypto Sites
Recent Crypto Coins
Keep up to date with

Our Newsletter

Sign up to our newsletter to get the
latest crypto news, new casinos,
bonus offers and other exciting
* indicates required
Copyright © 2019-2022, by Crypto Lists Ltd (CryptoLists.com). Company name: Crypto Lists Limited. Address: 5 Upper Montagu Street, LONDON W1H 2AG, England.
Jump to top