Ethereum has accomplished its most anticipated upgrade –“The Merge”

Ethereum has finished the remodeling of its software, making it an energy-efficient blockchain system, that paves the way of making out more usage of the commercial blockchain.

“The Merge” got completed in the early hours of Thursday, announced by the co-founder of Ethereum Vitalik Buterin through a tweet.

Buterin said – “This is the first step in Ethereum’s big journey toward being a very mature system, And there are steps left to go.” while an online Merge viewing party.

The software upgrade is called the Merge because the existing Ethereum blockchain has been uniquely combined with a parallel network that involves a shift from the proof-of-work to the proof-of-stake, without changing the user experience. It has made the software even faster and cheaper.

The upgrade has been performed since the previously used method –Proof-of-work (PoW), required massive energy to power huge computers which are used by users for authenticating transactions. While the new method –Proof-of-stake (PoS), will take 99% less energy as the complexity has been reduced. Ultimately, Ethereum has made itself an ecological blockchain system.

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