February 8, 2023

NFT Virgin Club

News about NFT, Crypto,and AI

Ethereum’s `Merge’ Upgrade Is Complete

<img width="1920" src="https://i.ytimg.com/vi/RN4qLOxYrlk/hqdefault.jpg" class="webfeedsFeaturedVisual wp-post-image" alt="Ethereum's `Merge' Upgrade Is Complete" loading="lazy">Blockchain network Ethereum has completed its long-awaited software upgrade, according to co-founder Vitalik Buterin. Called the Merge,...



Blockchain network Ethereum has completed its long-awaited software upgrade, according to co-founder Vitalik Buterin. Called the Merge, it replaced power-hungry computers that were used to order transactions on the network with a more energy-efficient setup using piles of the network’s native token, Ether, placed in special, so-called staking wallets. As a result, Ethereum’s energy consumption will decline by an estimated 99%. Coinshares head of research James Butterfill discusses the impact of the change on “Bloomberg Surveillance Early Edition.”