Ethereum ‘Merge’ Successful Despite Short-Seller Predictions

File photo of Ethereum co-founder Vitalik Buterin speaking at ETHDenver on February 18, 2022 in Denver, Colorado.

File photo of Ethereum co-founder Vitalik Buterin speaking at ETHDenver on February 18, 2022 in Denver, Colorado.
Photo: Michael Ciaglo (Getty Images)

The Ethereum network, which powers the second largest cryptocurrency in the world, completed a long-planned upgrade known as “The Merge” early Thursday, moving from a proof-of-work system to a proof of stake system. And nothing catastrophic has happened yet, despite plenty of dark predictions by an army of short-sellers.


Source link

About bitcoin

Check Also

Finder’s Ethereum Price Predictions Report

Finder’s Ethereum Price Predictions Report

Ether (ETH) could break US$2,400 in 2023, before ending the year at $2,184 …

Leave a Reply

Your email address will not be published. Required fields are marked *