Ethereum's merge goes live. How it could impact Web3 enterprises?

livemint.com:

The network has officially switched over to proof-of-stake as a result of the Ethereum Merge (PoS). The Beacon Chain's consensus layer and the Ethereum Mainnet execution layer were merged on September 15 at 06:42:42 UTC at block 15537393, resulting in the long-awaited Merge. As a result, the network will no longer rely on a proof-of-work consensus method.

The Merge, according to the Ethereum Foundation, would increase the Ethereum network's energy efficiency by around 99.95% and pave the way for the next scaling options like sharding.

Speaking to LiveMint, Chris Kline, CRO, and co-founder of Bitcoin IRA says staking solutions are designed to encourage more users to join the network and in times of extreme usage, ETH speed and gas prices created network congestion and a poor experience for some.

“This upgrade will lower the barriers of entry for users, making the consensus-driven allure of this new technology more accessible. By driving more staking nodes, more consensus emerges and developers are able to efficiently operate in the network. Consensus helps create decentralization and gives everyone a voice in the management of the network, creating an easier on-ramp for those looking to contribute," Kline says.

While The Merge may not affect most enterprise use cases that are presently in use, it will materially change how businesses view Ethereum.

The switch to proof-of-stake makes Ethereum more secure and paves the way for potentially significant future improvements in addition to actual energy savings.

Big network capacity improvements and structural modifications that will let far more devices participate are at the top of the agenda.

“The shift to proof of stake will also signal a new era in the competition among