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Ethereum fell below $1,600 amid the USD recovery
The much anticipated Ethereum Merge is expected to happen this Thursday, as per the Ethereum Foundation. In simple terms, it’s a technology upgradation that would reduce the blockchain’s energy consumption by 99%. The upgradation would shift Ethereum from a proof-of-work to a proof-of-stake consensus mechanism. It is expected to transform the scalability of the blockchain. Further, a lesser gas fee and the number of processed transactions will also increase. In short, the merge would fasten and make the blockchain more energy efficient. Ethereum is the second-largest currency following Bitcoin, with a market ... (full story)
