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Gnosis Chain Activates Its Own Version of the Merge, Transitions To Proof-of-Stake Network

Gnosis Chain, a privacy-focused blockchain, has activated its own version of The Merge, and transactions on the network are now being processed under a proof-of-stake consensus in a process similar to what happened on Ethereum on Sept. 15.

The Gnosis Chain underwent an upgrade that saw the network merge its previous execution layer with the Gnosis Beacon Chain launched last year. This process happened at the agreed-upon total terminal difficulty (TTD) on the Gnosis legacy chain at 01:47 PM EST on Thursday, and Gnosis paid homage to Ethereum by including Ethereum’s TTD in its own Merge TTD.

Gnosis Chain now becomes the second network after Ethereum to transition to PoS from a different consensus architecture. The team says The Merge now makes the chain the third-most decentralized network in the crypto space after Bitcoin and Ethereum. Gnosis Chain’s validator count has subsequently increased from 20 to 100,000.

(by Osato Avan-Nomayo)

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