Historic day for crypto as Ethereum Merge to proof-of-stake occurs 🧨
Ethereum (ETH) price gets a slight pump following the Merge in hourly metrics, currently trading at around $1,635, according to data from TradingView 🚀
The Ethereum Foundation said the Merge will make the Ethereum network about 99.95% more energy efficient and will set the stage for future scaling solutions, including sharding.
The Ethereum Merge has officially taken place at block 15537393 on 15th September at 06:42:42 UTC, transitioning the network from PoW to PoS.
Therefore, the crypto market continues to develop and grow.
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