Ethereum’s Difficulty Bomb Explained

The Ethereum difficulty bomb is a mechanism built into the Ethereum protocol to gradually increase the difficulty of mining new blocks on the Ethereum blockchain. This mechanism was designed to encourage the transition from the current proof-of-work (PoW) consensus algorithm to a new proof-of-stake (PoS) algorithm, which is expected to be more energy-efficient and sustainable. As the difficulty bomb goes off, it becomes increasingly difficult for miners to find new blocks, making the network less secure and more susceptible to…