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Benzinga
Benzinga
Business
Melanie Schaffer

Ethereum Completes 'The Merge,' Bears Grab Hold: What's Going On?

Ethereum Crypto

Ethereum (CRYPTO: ETH) successfully completed its merge early Thursday morning, transiting from proof-of-work to proof-of-stake.

The move spells the end of Ethereum mining, which makes the crypto far more environmentally friendly. The PoS system may also eventually make Ethereum more cost-effective and easier to validate, which would drop the crypto’s notoriously high transaction costs.

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