After Ethereum (ETH), it is the turn of the Gnosis Chain to migrate to a new consensus method: the Proof of Stake (PoS). Thanks to the success of this operation, the Gnosis Chain, which was using the Proof of Authority (PoA), has gone from 20 validators to more than 100,000 and has become the 3rd most decentralised blockchain.
Gnosis Chain follows Ethereum’s lead
The Gnosis Chain, a privacy-focused blockchain and one of the first sidechains of Ethereum, has successfully completed its own version of The Merge. With this update, the Gnosis Chain will no longer use the Proof of Authority (PoA) consensus method, and now works with Proof of Stake (PoS).
POS ACTIVATED!
Happy merge everyone!
Merge time: 2022-12-08 18:45:14.829 pic.twitter.com/4yeadPsbmV
– Gnosis Chain (@gnosischain) December 8, 2022
Gnosis Chain is the second network after Ethereum to migrate to PoS from another consensus architecture. The team claims that this move allows Gnosis Chain to become the 3rd most decentralised blockchain in the ecosystem, after Bitcoin and Ethereum. Indeed, the number of validators on the Gnosis Chain has grown from less than 20 validators to more than 100,000.
The Gnosis Chain has simplified the process of managing a validator node as much as possible and lowered the barrier to entry: only one GNO token is needed.
After the success of its own iteration of The Merge, the Gnosis Chain team is working on improving its bridges, the protocols that allow tokens to be sent between two separate networks.
Dogecoin (DOGE) is next
After Ethereum and Gnosis Chain, other blockchains could have their own “The Merge” and migrate to Proof of Stake. Speaking to CoinDesk ahead of the deal, Stefan George, co-founder and CTO of Gnosis, said:
“We were delighted to see Ethereum’s The Merge succeed and we are increasingly confident that we can successfully apply The Merge to Gnosis Chain. “
These words prove one thing, the success of The Merge update for the Ethereum blockchain has confirmed that such a complex mission is achievable. The developers of the Gnosis blockchain say that it was because of this that they decided to do the same and make their own The Merge.
It is therefore possible that a “The Merge Season” will begin and that a multitude of blockchains will follow the example of Ethereum and Gnosis Chain in the near future. In fact, the next blockchain to migrate to Proof of Stake could be none other than Dogecoin (DOGE).
Currently in Proof of Work, the teams of the famous meme-coin are seriously considering leaving Proof of Work. They have approached Vitalik Buterin for help in this regard
