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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      • Purge - Purging of outdated transactions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
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