Breaking: Historic Day for Crypto as Ethereum Proof-of-Stake Merger Happens

The Ethereum proof-of-stake consensus mechanism will reduce power consumption by 99.95% compared to the proof-of-work system. < /p> Recent news

The Ethereum merger has officially taken place, marking the network's full transition to proof-of-stake (PoS).

On September 15 at 06:42:42 UTC at block 15537393, the long-awaited merge saw the merging of the Ethereum mainnet execution layer and the Beacon chain consensus layer at the full difficulty of the terminal of 5875000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000.

Ethereum (ETH) price is getting a slight pump following the hourly metrics merge, currently trading around $1,635, according to data from TradingView.

The Ethereum Foundation said the merger will make the Ethereum network approximately 99.95% more energy efficient and pave the way for future scaling solutions, including sharding.

Ethereum co-founder Vitalik Buterin celebrated the merger with a tweet moments after the historic transition:

And we're done!

Good merging. This is a great moment for the Ethereum ecosystem. Everyone who helped make the merger happen should be very proud today.

Speaking to Cointelegraph, StarkWare Chairman and Co-Founder Eli Ben-Sasson said that "the...