September 15, 2022 will be remembered as one of the biggest days in crypto history.
At 2:45 am EST, the Ethereum network successfully began the big move from proof of work to proof of stake, a historic event anticipated by the crypto community for half a decade.
After years of hard, dedicated work, Ethereum has successfully transitioned into being a Proof-Of-Stake blockchain, leaving behind its energy-hungry origins.
The Merge was closely followed by hundreds of thousands of Ethereans and curious observers across the world, with the most notably being the Ethereum Foundation livestream on YouTube that peaked at almost 50,000 watchers. With a quick and final overview of what everyone should expect, performed by Danny Ryan, and once the network hit “terminal difficulty”, the Merge block was triggered, and everything went down exactly as planned.
A New Era Begins: Ethereum Staking
Bitcoin now stands practically alone as a Proof-Of-Work network among the top market cap assets, as Ethereum begins a new chapter that is green, efficient and brighter than ever.