Latest News

Crypto: Vitalik Buterin says Ethereum merge has completed

The so-called merge of Ethereum has completed, setting the stage for the cryptocurrency to be less harmful to the environment.

Vitalik Buterin, one of the co-founders of Ethereum, said the merge had finalized.

The move will transition the Ethereum blockchain from proof-of-work to proof-of-stake, which is less energy intensive. The Ethereum Foundation estimates energy consumption will drop by 99.95%. Currently, its consumption is equivalent to that of Chile.

Read: Five things to know about the Ethereum Merge

Ethereum
ETHUSD,
+0.08%

rose 2% to $1,634.3 but has dropped 56% year-to-date.

Bitcoin
BTCUSD,
+0.73%

rose 1% to $20,203, and also has dropped 56% this year.

What is your reaction?

Excited
0
Happy
0
In Love
0
Not Sure
0
Silly
0

You may also like

Leave a reply

Your email address will not be published. Required fields are marked *

More in:Latest News