Ethereum After The Merge: More ETH Expected to be Destroyed than Created, Report Claims

We're quickly approaching (or have already followed through with) The Merge, the most notable upgrade in Ethereum's history and “a crucial turning point for the wider crypto industry,” according to an update from digital asset firm Kraken.

Timeline of Ethereum

Ethereum has officially entered the Proof-of-stake era. The Paris upgrade, triggered at the Total Terminal Difficulty of 58750000 P, marked the end of Proof-of-work and Ethereum mining.

The world has been full of bad news recently, so it's refreshing to be reporting on something positive. This morning, arguably the single biggest event in the short history of cryptocurrency took place. Ethereum “merged”, completing its upgrade to a Proof-of-Stake (PoS) blockchain. And it was 100% successful.

Vitalik Buterin, the Ethereum co-founder, displayed his excitement while discussing the behavior of cryptocurrency miners on the network as the hashrate of the Ethereum network did not evaporate ahead of the Merge.

After the successful completion of the Ethereum Merge on September 15 at 06:42:42 UTC at block height 15537394, the last proof-of-work (PoW) and first proof-of-stake (PoS) blocks dropped secret messages for all by VanityBlocks and HashKey Capital. The last PoW block transaction, done by VanityBlocks, contained a message by American ethnobotanist and mystic Terence McKenna.

The long-awaited Ethereum Merge is finally over, and the ecosystem has successfully converted to Proof of Stake. Much has been discussed about the Merge before it happened; however, now that the transition is finally successful, here are some notable commentaries on Twitter about what to expect after The Merge.

After years of delays and speculation, the Ethereum Merge successfully dropped on Thursday September 15 at around 7:45 British Standard Time, finally transitioning the world's largest cryptocurrency ecosystem from proof-of-work (PoW) to proof-of-stake (PoS). With the landmark protocol upgrade, Ethereum is now over 99% more energy efficient, and the foundations been laid down to make it vastly more scalable and cheaper to operate.

The most awaited Ethereum Merger was finally accomplished which is expected to enhance the scalability with a secure environment. The chain has become greener now as energy consumption has dropped more than 99%.

September 15, the much-awaited day in the crypto space witnessed the Ethereum network transform from proof-of-work (PoW) to proof-of-stake (PoS). This marked a sense of pleasure among ETH holders.

The Ethereum (ETH) merge went live on Thursday, but has yet to have a noticeable effect on its price. While the long-term trend is still bullish, a short-term decrease is likely to occur first.

Ethereum Merge has successfully completed on September 15 at 06:42:42 UTC at block height 15537394. The last proof-of-work (PoW) and first proof-of-stake (PoS) blocks have secret messages for the community by VanityBlocks and HashKey Capital.