The Merge (transition to Proof of Stake)

GPTKB entity

Predicate	Object
gptkbp:instanceOf	gptkb:event gptkb:Ethereum_Classic_Improvement_Proposal
gptkbp:affects	ETH mining
gptkbp:announced	gptkb:Ethereum_Foundation
gptkbp:category	gptkb:cryptocurrency gptkb:Ethereum network upgrade consensus mechanism change
gptkbp:combined	gptkb:Beacon_Chain gptkb:Ethereum_mainnet
gptkbp:consensusMechanism	gptkb:Proof_of_Work gptkb:Proof_of_Stake
gptkbp:date	2022-09-15
gptkbp:didNotIncrease	transaction speed
gptkbp:didNotReduce	transaction fees
gptkbp:eliminatedIn	mining rewards
gptkbp:enables	future sharding upgrades
gptkbp:followedBy	Shanghai upgrade
https://www.w3.org/2000/01/rdf-schema#label	The Merge (transition to Proof of Stake)
gptkbp:introduced	gptkb:Proof_of_Stake staking rewards
gptkbp:mainnetBlockHash	0x50a0d7... (truncated)
gptkbp:mainnetBlockHeight	15537393
gptkbp:mediaCoverage	gptkb:Bloomberg gptkb:Forbes gptkb:Reuters gptkb:The_Verge gptkb:Wired gptkb:The_Block gptkb:CNBC gptkb:TechCrunch gptkb:Fortune gptkb:CoinDesk Decrypt Ethereum.org
gptkbp:minimumInvestment	32 ETH
gptkbp:network	gptkb:Ethereum
gptkbp:precededBy	Beacon Chain launch
gptkbp:purpose	reduce energy consumption increase network security lay groundwork for scalability
gptkbp:replacedBy	gptkb:Proof_of_Work
gptkbp:requires	validator participation
gptkbp:resultedIn	99.95% reduction in energy usage
gptkbp:bfsParent	gptkb:Ethereum_(pre-merge)
gptkbp:bfsLayer	8