Merge in the Ethereum Blockchain
Technology development in a new and innovative industry
Keywords:blockchain, environmental impact
The food industry has been at the forefront of rapid implementation for several technological innovations. One of the main reasons for this is that food security has been of paramount importance in supplying a growing population, taking into account both quantitative and qualitative requirements. And the necessary development could only be ensured by incorporating the latest developments.
Blockchain technology is also a tool to consider in terms of how it can help track food chains. Its widespread application is only a decade old, but in some areas, for example, the operation of cryptocurrencies has already accumulated enough experience to see if it really lives up to the hopes attached to it, and what problems still stand in the way of further spread.
With this material, our primary goal is to present a significant technological change that aims to solve one of the main problems of blockchain-based data management. It will be presented how the technology works (with a specific focus on the proof of work mechanism) and the transition to a truly significant platform, the proof of stake mechanism at Ethereum. This gives us an idea of how much a relatively new technology can undergo changes, and at what rate a seemingly significant problem (in this case, e.g. environmental impact) can decrease. This potential for development provides the basis for counting blockchains as a technology that can be applied in other areas, such as the food industry.
In addition to scientific treatises, we often rely on Internet sources in the material, since the change occurred so quickly that publications in scientific journals could not yet track it or only in a narrower circle.
Sherman, A.T., Javani, F., Zhang, H., Golaszewski, E., 2019. On the Origins and Variations of Blockchain Technologies. IEEE Secur. Privacy 17, 72–77. https://doi.org/10.1109/MSEC.2019.2893730
Chaum, D.L., 1979. Computer systems established, maintained, and trusted by mutually suspicious groups. Electronics Research Laboratory 11.
Carrano, F.M., Sileri, P., Batt, S., Di Lorenzo, N., 2022. Blockchain in surgery: are we ready for the digital revolution? Updates Surg 74, 3–6. https://doi.org/10.1007/s13304-021-01232-y
Sarmah, S.S., 2018. Understanding Blockchain Technology. Computer Science and Engineering.
Yu, B., Zhan, P., Lei, M., Zhou, F., Wang, P., 2020. Food Quality Monitoring System Based on Smart Contracts and Evaluation Models. IEEE Access 8, 12479–12490. https://doi.org/10.1109/ACCESS.2020.2966020
Wendl, M., Doan, M.H., Sassen, R., 2023. The environmental impact of cryptocurrencies using proof of work and proof of stake consensus algorithms: A systematic review. Journal of Environmental Management 326, 116530. https://doi.org/10.1016/j.jenvman.2022.116530
Li, W., Andreina, S., Bohli, J.-M., Karame, G., 2017. Securing Proof-of-Stake Blockchain Protocols, in: Garcia-Alfaro, J., Navarro-Arribas, G., Hartenstein, H., Herrera-Joancomartí, J. (Eds.), Data Privacy Management, Cryptocurrencies and Blockchain Technology, Lecture Notes in Computer Science. Springer International Publishing, Cham, pp. 297–315. https://doi.org/10.1007/978-3-319-67816-0_17
Garay, J.A., Kiayias, A., Panagiotakos, G., 2017. Proofs of Work for Blockchain Protocols Book.
De Vries, A., 2023. Cryptocurrencies on the road to sustainability: Ethereum paving the way for Bitcoin. Patterns 4, 100633. https://doi.org/10.1016/j.patter.2022.100633
Chen, D., 2022. Understanding the Merge [WWW Document]. Sequoia Capital US/Europe. URL https://www.sequoiacap.com/article/understanding-the-merge/ (accessed 1.3.23).
Ethereum Energy Consumption, 2022. ethereum.org. URL https://ethereum.org/en/energy-consumption/ (accessed 1.2.23).
How to Cite
Copyright (C) 2023 Authors
This work is licensed under a Creative Commons Attribution 4.0 International License.