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ETH drops over 10% after completing “merger” upgrade

ETH drops over 10% after completing “merger” upgrade

On September 15, local time, ETH co-founder Vitalik Buterin tweeted, “We’re finally done (with the Ether merger)!” and said it was an important moment for the ETH ecosystem.

It is said that the transition from Proof of Work (PoW) to Proof of Stake (PoS) on the ETH mainnet is called a “merger”. This also means the end of the era of large-scale graphics card mining.

After the merger was completed, the price of ETH dropped sharply, with Ether down 10.04% to $1,473.39 at press time.

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Post time: Sep-16-2022