Ethereum Finishes Long-Awaited Energy-Saving ‘Merge’ Upgrade (1)

Crypto’s most important commercial highway, Ethereum, just got repaved.

The blockchain network completed the crypto world’s biggest and most ambitious software upgrade to date, according to its co-founder Vitalik Buterin in a Twitter post Thursday.

Called the Merge, it replaced power-hungry computers that were used to order transactions on the network with a more energy-efficient setup using piles of the network’s native token, Ether, placed in special, so-called staking wallets. As a result, Ethereum’s energy consumption will decline by an estimated 99%.

Such an upheaval has never been attempted in crypto before, let alone on Ethereum, home to about …


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