The Ethereum Merge blockchain upgrade begins the transition to a Proof-of-Stake consensus system – it is a momentous occasion for crypto.
The Merge describes the process whereby the test chain, known as the Beacon Chain, merges with the main chain.
Cryptonews is covering events today with live updates of progress.
To keep you in the loop, here's the Ethereum Foundation’s Mainnet Merge viewing party. Latest news updates are shown below the video:
Ravencoin is up 80% in the past 7 days as it sees miners move on to its network from Ethereum. RVN price is currently consolidating after news of the successful Merge.
Ethereum Classic gave up some gain when the Merge completed without a hhitch, but it i still 3.4% up in the past 24 hours.
Thanks to UltraSoundMoney for its realtime tracking of the deflationary impact of the Merge:
A great day for the environment, as Vitalik intimates here with a tweet in which he tags Ethereum researcher Justin Drake. The Merge will reduce worldwide energy consumption by 0.2%. That kind of makes bitcoin feel like the baddie. Before the maxies pile on, but it makes bitcoin the most secure blockchain in the world.
Our crypto price tracker shows ETH up around 2% across a selection of exchanges, with the highest quote $1,628 at Kraken:
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