It’s been less than a day since Ethereum’s historic transition to proof-of-stake, with most of the crypto community still abuzz with excitement following the successful Merge.
On Sept. 15 at 06:42:42 UTC, the last Ethereum block using the old proof-of-work consensus mechanism was mined. Replacing it is an energy-efficient proof-of-stake consensus mechanism.
Many crypto enthusiasts and climate advocates worldwide have been thrilled by the positive impact it will have on the environment and thus, crypto’s reputation.
Others have just been in awe of the technological feat of upgrading an entire blockchain network without any stoppages.
30 minutes ago Now pic.twitter.com/cyQb3pAdtt
— WolfOfEthereum.eth ️ (@Crypto_Wolf_Of) September 15, 2022
Uniswap Labs founder and CEO Hayden Adams told his 232,200 Twitter followers on Sept. 15 that the reduction of Ethereum’s