tldr; Ethereum is set to merge its Mainnet and Mainnet execution layer with a new PoS layer called the Beacon Chain. With the merge, proof-of-work will be replaced permanently by a PoS consensus mechanism. This will eliminate the need for energy-intensive mining with the network achieving security using staked ETH. The Merge won't erase the entire transactional history of the platform.
This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
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