Holpop News

The first shadow fork of the Ethereum core network was conducted today, which will facilitate the asset’s transition to Proof-of-Stake (PoS).
The shadow fork is a stress test of the blockchain merger process.
The Ethereum development team is now working on a multi-step transition to the PoS consensus algorithm, which will replace the current Proof-Of-Work (PoW) mechanism.
In the PoS model, transactions will be verified by nodes run by “stackers” rather than “miners.” This is expected to significantly reduce the energy consumption required to run the network.
Developer Paritosh Jayanti warned that transactions could appear in both chains because of information sharing.
Van Der Wijden of the Ethereum Foundation said the shadow fork is a historic event for the network.