What is Ethereum?
Ethereum is a decentralized blockchain platform that establishes a peer-to-peer network that securely executes and verifies application code, called smart contracts. Smart contracts allow participants to transact with each other without a trusted central authority. Transaction records are immutable, verifiable, and securely distributed across the network, giving participants full ownership and visibility into transaction data. Transactions are sent from and received by user-created Ethereum accounts. A sender must sign transactions and spend Ether, Ethereum's native cryptocurrency, as a cost of processing transactions on the network. The Merge On September 15th, 2022 06:42:42 UTC, at block 15537393, The Merge was completed, moving Ethereum from Proof of Work (PoW) to Proof of Stake (PoS). Amazon Managed Blockchain's Ethereum Mainnet nodes run on the Ethereum PoS network. The Merge upgrades Ethereum's consensus from PoW to PoS by merging Ethereum Mainnet with the Beacon Ch...