It's impossible to be unaware of the #EthereumMerge, an important milestone as the network embraces proof-of-stake (PoS), as an alternative to proof-of-work (PoW)🧑‍💻.

This consensus switch represents an important change in the #Ethereum blockchain.

At #Ontology, we believe that moving to PoS brings the opportunity to improve the efficiency of block 🧊production, as mining is no longer required ⛏.

Indeed, the Ontology public blockchain is built as a combination of PoS, VRF, and BFT.

But what does that mean? 🤔

Essentially, it means the #Ontology consensus algorithm is actually VBFT, a combination of PoS, Variable Random Function (VRF), and Byzantine Fault Tolerant (BFT) systems 🤓.

So what?

decentralization, whilst allowing for a higher block generation efficiency 🙌

You can learn more about the #Ontology consensus mechanism here 👇

https://medium.com/ontologynetwork/ontology-launches-vbft-a-next-generation-consensus-mechanism-becoming-one-of-the-first-vrf-based-91f782308db4

Live now!🙌 Tune in and hear what Li Jun has to say about the coming #EthereumMerge.

📺https://www.youtube.com/watch?v=iWSfXxTOZDE

WEEKLY RECAP✨

- #LiJun_Ontology discusses the #EthereumMerge with #CryptoSlate 🙌

- ONTO App v4.3.6 released 📱

- OWNInsights #TwitterSpaces discussing #DAOs

#ONTID $ONT $ONG #Ontology #DID

Report👇

https://theontologyteam.medium.com/ontology-weekly-report-september-14-19-2022-76a812bb95fb

MONTHLY RECAP✨

- #LiJun joins #CryptoSlate #EthereumMerge Watch Party 📺

- #Ontology and #Coinhub_Wallet cooperation 📱

- More collaborations with #OKLink and #MetaPath 🤝

$ONT $ONG #ONTID

Full Report 👇
https://medium.com/ontologynetwork/ontology-monthly-report-september-2022-aae60253c632

MONTHLY RECAP✨

- #LiJun_Ontology joins #crowdfundinside to discuss 🎙 the #EthereumMerge and gateways to #Web3 🌐

- #ONTOWallet updates the v4.3.9 📱

- The 9th #OWNInsights released, looking at career opportunities 🧑‍💻

$ONT $ONG #ONTID

Full Report 👇
https://link.medium.com/hWnIPosyFub