Ethereum has Merged.
The popular cryptocurrency platform for decentralized applications has successfully made the transition from a proof-of-work to proof-of-stake consensus mechanism, meaning it has ditched traditional "mining" and the massive energy footprint that came with it.
In other words, Ethereum just got a lot greener, and paved the way for other important improvements and optimizations in the future. For a detailed explanation of what The Merge means for Ethereum and crypto in general, go here.
Tweet may have been deleted
Ethereum co-founder Vitalik Buterin called the transition a "big moment for the Ethereum ecosystem."
For regular users, nothing has really changed. As seen on blockchain explorer Etherescan, the Ethereum network is still producing new blocks as before, and transactions are going through as usual. Gas fees, which represent the cost of doing transactions on Ethereum, are roughly the same as before (I've done a test transaction, sending a small amount of ETH from one address to another, and the cost was $1.81).
SEE ALSO:Ethereum's The Merge is the most important event in crypto this year. Here's why.The transition has been a long time coming, with several major delays pushing it several years into the future compared to what was originally planned (Buterin himself laid out a plan for transitioning to proof-of-stake as early as 2015). It was a major technical challenge, with The Merge actually being just the first of several major upgrades planned for Ethereum's future.
The price of Ethereum's underlying currency, ETH, has increased slightly following the Merge. ETH is trading at $1,630 at writing time, a 1.3% increase compared to 24 hours ago.
TopicsCryptocurrency
(责任编辑：娛樂)
Singapore gets world's first driverless taxis
The world is a terrible place but at least the 'What the Fluff' challenge exists
Sheryl Sandberg at MIT: 'It's hard knowing that you let people down'
I am emotionally attached to Ariana Grande and Pete Davidson doing Evanescence karaokeThese glasses hide a fitness tracker on your faceMajor earthquake and multiple aftershocks rock central Italy
UPDATE: Aug. 25, 2016, 8:22 a.m. BST 。 Death toll is now at least 247 dead: 190 in Rieti province and
...[详细]iOS 12 fixes the iPhone X's horrible screenshot problem
It looks like Apple is finally finally finally fixing one of the worst problems with the iPhone X: u
...[详细]Cameron Esposito's 'Rape Jokes' special is
In 2012, Daniel Tosh made a rape joke during a standup set in California. A woman in the audience st
...[详细]
A political movement has started, and Alexandria Ocasio-Cortez is on her way to make history.On Tues
...[详细]Make money or go to Stanford? Katie Ledecky is left with an unfair choice.
This is Katie Ledecky's world right now, and the rest of us are just living in it. Want proof? Ledec
...[详细]
Hey, Marco Rubio. Shut the fuck up.Just. Shut. The. Fuck. Up.Tweet may have been deletedFlorida Sena
...[详细]Bitcoin and ether rally on SEC announcement
The world of cryptocurrency just got some much needed good news. With the prices of bitcoin and ethe
...[详细]'Fortnite' composer Pinar Toprak will score 'Captain Marvel'
Turkish-American composer Pinar Toprak has been hired to compose the score for Captain Marvel, which
...[详细]Olympics official on Rio's green diving pool: 'Chemistry is not an exact science'
The diving pool for the Summer Olympics mysteriously turned green this week in Rio de Janeiro, then
...[详细]Lyft overhauls its app to emphasize shared rides
The Lyft app has a new look and it's all about shared rides and taking public transit. Don't worry i
...[详细]Ivanka Trump's unpaid interns share cringeworthy financial advice
Trapping carbon underground will keep it there for thousands of years
