‘The Merge’ is successfully completed

Ethereum 2.0 is a reality, leaving Proof of Work behind and looking to the future hand in hand with Proof of Stake after the successful integration of the Beacon Chain.

Tecnología September 15
News Mundocrypto

One of the most anticipated moments in the history of cryptocurrencies. Much has been made of 'The Merge' and the change from proof of work to proof of stake in Ethereum. There have been several delays in its launch, but September 2022 will go down in history as the month in which Ethereum changed. 

And it is that the Beacon Chain merged with the main Ethereum mainnet, making mining a thing of the past. From now on, transactions will be validated by staking with the Proof of Stake. Once the mining difficulty reached 58,750,000,000,000,000,000,000, the merger between both blockchains took place. 

It happened at block height 15,537,393 and the number of validator nodes is above four hundred thousand, which have left 32 ethers in staking. Obviously, the visible face of Ethereum, Vitalik Buterin, celebrated this step forward for the company in style. 

 

Obviously, one of the clearest changes is the energy consumption. One of the problems of mining is the high computational capacity it needs, which causes a high percentage of environmental pollution, although there are many projects to take advantage of renewable energies for this. Another point is security, since critics of this change say that it is now more insecure and easier to control by an external agent. 

The first NFT 

About an hour after the network completed the merge, a user spent 36 ethers to mint the first non-fungible token on the Proof of Stake network. It's called 'The Transition', and it's part of a collection of panda bear faces. This is used as a commemoration for the success of 'The Merge' and is located in OpenSea. It must be remembered that, from the Ethereum Foundation, it had already been announced that this change would not entail any change in fees or in the speed of transactions. 

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