After several years of waiting, 7 years More precisely, we finally entered The Merge. Right now it’s euphoria for the entire Ethereum team and for the ETH community.
The Merger is completed
This is what Google’s countdown timer gives us and theEthereum Real-Time Merge Tracker by Watcher Guru.
For several weeks, the Ethereum Foundation and Vitalik Buterin have already set the date of the Merge: on this day of September 15, 2022. Recently, they announced the exact time of the merger: 9:42 AM GMT+3.
As you can see in this image printed on Watcher Guru, there are no more blocks to mine. In addition, the total terminal difficulty (TTD) of 58,750,000,000 T has been reached.
Indeed, the merger of Ethereum’s Proof-of-Work mainnet with the PoS Beacon chain is effective. In other words, the entire protocol has changed from a PoW consensus algorithm to a PoS governed algorithm.
What to expect after The Merge?
Several changes have already been mentioned. To name only the new dynamics of token issuance and a completely different tokenomics.
We can also quote the end of any activity of mining, which will certainly impact gas fees on Ethereum. The Merge is also very popular, it testifies to the importance given by Ethereum to the environment. For a few minutes, the blockchain has become ecological, its carbon footprint is reduced to more than 99%.
All in all, it has to be said that the predictions of Vitalik Buterin and the entire Ethereum team turned out to be accurate. Now that blockchain has entered PoS, investors will want to keep a close eye on related changes. And they will also do better to pay attention to all the guidelines of the exchanges they are affiliated with. Let the adventure continue!
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