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Ethereum is moving to proof-of-stake on Sept 6, 2022

FInal countdown started

Nice read here
 
What exactly does it mean if someone has to explain it in normal understandable language?
"The Ethereum Merge is a network update to transition Ethereum from Proof-of-Work (PoW) to Proof-of-Stake (PoS) consensus mechanism."

Proof-of-Work (PoW)->>>>> Required Mining Hardware to validate transaction
Proof-of-Stake (PoS)>>>>> Not required
Meaning you do not required mining hardware any longer ... Do not required high Energy consumption to run ETH..
 
The Ethereum Merge was successfully completed. A new era begins!

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