The latest fork on the Ethereum network’s roadmap has brought about some significant changes that are worth noting. Here are the most important points to take away from this development:
1. The new validation mechanism has been strengthened: The Ethereum network has been working on a new validation mechanism called Proof of Stake (PoS) to replace the current Proof of Work (PoW) system. This fork has made significant improvements to the PoS mechanism, making it more secure and efficient.
2. Stakers can now access their ETH rewards: Staking is a process where users hold their ETH in a wallet and help validate transactions on the network. In return, they receive rewards in the form of more ETH. However, until now, stakers were unable to access their rewards. This fork has finally allowed stakers to claim their rewards, making the process more rewarding for them.
3. The Ethereum network is becoming more sustainable: The PoW mechanism used by Ethereum and other cryptocurrencies requires a lot of energy to validate transactions. This has led to concerns about the environmental impact of these networks. The move towards PoS is expected to make the Ethereum network more sustainable, as it requires significantly less energy.
In summary, the latest fork on the Ethereum network’s roadmap has brought about some significant improvements to the validation mechanism and staking process. It has also made the network more sustainable, which is a positive development for the cryptocurrency industry as a whole.