tldr; Ethereum has accomplished its transition from the Proof-of-work consensus mechanism to the PoS consensus mechanism. Vitalik Buterin, one of many co-founders of the mission, tweeted, “Comfortable merge all. It is a large second for the Ethereum ecosystem. Everybody who helped make the merge occur ought to really feel very proud immediately.” The transition to PoS is anticipated to cut back vitality consumption by 99.95%.
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