History of Ethereum
- Launched in 2016
- Hard fork after a major DAO, TheDAO got hacked
- Split into Ethereum and Ethereum Classic, followed by purists
- Move from PoW towards PoS based Ethereum 2.0 in 2020-21
- Introduction of Beacon chains / the Merge
- Move to Shard chains / Sharding
- Consists of the surge, the verge, the purge and the splurge
- Surge - Split of the blockchain into into 64 Shard chains
- Verge - Replacing hexary Patricia Trees with Verkle trees (like Merkle trees) for scaling
- Purge - Purging of outdated transactions
- Splurge - Smaller updates and fine tuning