The Dawn of a New Era
On September 15, 2022, the Ethereum blockchain underwent a historical transformation known as the Merge. At precisely 06:42:42 UTC, the execution layer of the Ethereum mainnet joined forces with the Beacon Chain’s consensus layer, forever bidding farewell to the resource-hungry proof-of-work (PoW) system. This monumental event happened at the Terminal Total Difficulty (TTD) of a staggering 58,750,000,000,000,000,000,000, highlighting the network’s immense capabilities.
Price and Efficiency Boost
In the wake of this momentous occasion, Ether’s (ETH) price experienced a minor surge, trading at approximately $1,635, according to TradingView’s latest insights. The Ethereum Foundation boasts that the Merge promises to make their network about 99.95% more energy-efficient. So, if you ever dreamt of saving the planet while trading crypto, this is your moment!
Voices from the Ecosystem
Vitalik Buterin, Ethereum’s co-founder, shared his excitement on social media, emphasizing the collective pride of the community. In his words:
“And we finalized! Happy merge all. This is a big moment for the Ethereum ecosystem.
