Concretely, you don’t need a mining computer to participate in the network validation anymore. UPDATE LEDGER LIVE FULLBut The Merge marks a full transition towards Proof-of-Stake, eliminating the need for energy-intensive mining and securing the network with staked ETH. Proof-of-work is out, proof-of-stake is inĮthereum’s blockchain currently runs on a Proof-of-Work consensus mechanism, just like Bitcoin. What is the impact on the Ethereum ecosystem? What does it mean for Ethereum miners? Does it affect Ledger users? Ethereum’s transition from proof-of-work (PoW) to proof-of-stake (PoS) is the most significant enhancement to the network to date.Īs The Merge unfolds, key questions are arising. The long-awaited Merge, one of the most closely watched shifts in the crypto world, is now live. – The Merge marks a full transition towards Proof of Stake for Ethereum, eliminating the need for energy-intensive mining and instead securing the network with staked ETH. – All ETH transactions are functional again for Ledger Enterprise users too. – While we have paused services generating ETH transactions to ensure your transactions don’t get caught during The Merge, you can now make ETH transactions as usual. UPDATE LEDGER LIVE SOFTWARE UPGRADE– For Ledger Live* and Nano users, this software upgrade does not require any action on your side. It’s a long-awaited moment for the crypto industry. When Ledger Live displays Firmware updated and you are prompted to enter your PIN code, Ledger Nano X has been successfully updated.Ĭlick Re-install apps to finalize the process.– That’s it. UPDATE LEDGER LIVE INSTALL
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