The massive and highly anticipated merge of the Ethereum network, the second largest blockchain globally, has finally happened. It’s one of the largest evolutions of a blockchain network as Ethereum moves to a drastically less energy-intensive model while creating the ability to generate yield for ether (ETH) holders.
The upgrade has been in the works for years and has been delayed several times as developers worked to ensure it would be a smooth transition. Initial concerns that a portion of users of the network would divert and attempt to maintain a fork that ran on the original proof-of-work system, an inherently energy-intensive way of mining and creating new ether, were waylaid as the transition had an almost 100% client participation rate according to CNBC.
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