Etheruem - Cnet

Happy New Ethereum – Ethereum merge finally succeeds

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Happy New Ethereum – Ethereum merge finally succeeds:

After series of countdowns, the long anticipated crypto event has come to an end.

Etheruem - Cnet
Ethereum – Cnet

This event has changed the consensus mechanism of Ethereum from proof of work to proof of stake model.

Confirming the success of the merge, Ethereum co- founder, Viterik Buterin said;

And we finalized!

Happy merge all. This is a big moment for the Ethereum ecosystem. Everyone who helped make the merge happen should feel very proud today.


Binance CEO, Champeng Zhao, also confirmed the success of the merge.

According to his tweet;

Merge successful. POS activated.

We are all still here.

 

 

In addition to the success story, it is important to note that the merge will reduce world wide electricity consumption by 0.2 percent, Vitalik revealed.

However, Bitcoin still remains a proof of work currency, and it is still in threats by regulators who claim that the electricity consumption of BTC mining is a problem to the society.

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