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Business
Cal Byrne

Ethereum Merge: was it successful and how does the new crypto system work?

Ethereum Newcastle

Ethereum’s long anticipated “Merge” finally took place in the last few hours and would seem to prove that a greener alternative of trading cryptocurrencies is possible.

The new system promises to be 99.5% more energy efficient than its old Proof of Work method and may lead to calls for other cryptocurrencies, both small and large, to follow suit. It will take some time for Ethereum developers to confirm that the transition took place without any hitches but so far the signs are promising.

“The Merge is a significant step forward bringing Ethereum into the mainstream, and it marks an evolution of blockchain technology,” said Gilbert Verdian, CEO of Quant.

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