What is the Ethereum merge?

The Ethereum Merge is the joining of Ethereum’s proof-of-stake (PoS) Beacon Chain with the Ethereum Mainnet to transition the Ethereum blockchain off the legacy proof-of-work (PoW) system. With the completion of the merge on Sept. 15, 2022, Ethereum made the switch to a PoS model. That gave birth to Ethereum 2.0, a new version of Ethereum.

What happened to ETH after 'the merge'?

On Sept. 15, a few minutes before 3 a.m. Eastern time, Ethereum switched from using energy-intensive technology to a more sustainable system in a major update called "the merge." In the hours following the merge, the price of Ether, or ETH — the platform's native cryptocurrency — held relatively steady.

How do I get block rewards after Ethereum merge?

To be eligible for block rewards after the Ethereum Merge, node validators need to stake (or lock up) 32 ETH into a smart contract as collateral. This Ether will be locked up until a future upgrade to the network enables withdrawals.

What is Ethereum 2 & eth2?

Ethereum 2.0, also known as Eth2, is an upgrade to the Ethereum blockchain. It is designed to allow Ethereum’s network process more transactions at once and avoid bottlenecks. What Is the Beacon Chain? The Beacon Chain is the Ethereum proof-of-stake (PoS) blockchain network that was launched in 2020.