Odd Lots
Transcript: Christine Kim Explains the Significance of the Merge
Why the shift to proof-of-stake matters.
An Ethereum logo on a drinking mug on display inside a cryptocurrency exchange in Barcelona, Spain, on Thursday, Sept. 8, 2022.
Photographer: Angel Garcia/BloombergThis article is for subscribers only.
Ethereum has just successfully completed The Merge AKA its long awaited transition to proof-of-stake. With the change, the network is no longer dependent on power-hungry miners, a la Bitcoin. But what is the broader significance of this change? How does it work? And how did it come about? On this episode, we speak with Christine Kim of Galaxy Digital, who breaks it all down. This transcript has been lightly edited for clarity.