Historic day for crypto as Ethereum Merge to proof-of-stake occurs

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The Ethereum Merge has officially taken place, marking the network’s full transition to proof-of-stake (PoS).

On September 15 at 06:42:42 UTC at the Block 15537393, the long-awaited Merge saw the merging of the Ethereum Mainnet execution layer and the Beacon Chain consensus layer at the Terminal total difficulty of 58750000000000000000000000000000 -working consent mechanism.

The Ethereum Foundation said the Merger will make the Ethereum network about 99.95% more energy efficient and set the stage for future scaling solutions, including sharding.

Speaking to Cointelegraph, StarkWare president and co-founder Eli Ben-Sasson that “the immediate importance of the Merger is the dramatic impact on energy consumption.”

Ben-Sasson said it also marks “the first step in a process that will lead to extremely widespread adoption of Ethereum,” stating:

“It starts a chain reaction of changes. The end result will be the very broad use of Ethereum’s computing power, and the general population using blockchain-based apps in many different areas of life.”

The Merger came after several years of hard work by the Ethereum Foundation.

With the Merger complete, the “Surge”, “Verge”, “Purge” and “Splurge” are the final stages remaining on Ethereum’s technical roadmap.

Related: Here’s What You Need to Know About the Ethereum Merge

The Surge will increase scalability for assemblies through sharding, the Verge will achieve statelessness through Verkle trees, the Purge will eliminate historical data and technical debt, and the Splurge will involve a number of small miscellaneous upgrades.

Famous designer Beeple celebrated the Merge with a sci-fi illustration:

The Ethereum Merge officially took place at block 15537393 on September 15th at 06:42:42 UTC, transitioning the network from proof of work to proof of stake.