Ethereum’s energy consumption decreases and network accessibility enhances with the transition to proof of stake, leading to a more sustainable and efficient ecosystem. However, concerns about centralization and censorship arise. The upcoming Ethereum Cancun-Deneb upgrade aims to address these issues and focuses on economic and technical implications. The merge with the Beacon Chain also paves the way for layer-2 scaling solutions, fostering increased adoption. Despite macroeconomic challenges, the proof-of-stake upgrade secures the network and brings Ethereum into a new era.

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