$ETH

The network is in the development and update phase and is being transferred from pow consensus to pos consensus share. This will support the currency to own more

And affect the fate of the currency

pow depends on the power of mining and devices

pos share of currency ownership and storage. There are many types of networks.

The speed will be 100 thousand and will exceed Solana and there will be a decrease in energy consumption and transaction fees

Solana took the lion's share of the Ethereum share. After the upgrade, what happens?

Upgrade success rate 80/90%

If successful, the fate of Solana and its applications will be unknown

If the upgrade fails, there is something called frok, returning to the starting point of work

This happens at a small rate

The first upgrade phase will end soon, the first quarter of 2025

This is the most difficult phase, after that it will be easier

If an update occurs and frok cannot be returned, the network will be divided as happened previously with a new mechanism and become branches that do not harm the course of the currency

The Ethereum community is strong and controls the path of the network with steady steps and plans before taking any step.

A summary of what is happening (as I understand it)

If there are errors, I hope to share and correct them so that everyone can benefit