Ethereum Merge Is Complete, Here’s How The Industry Is Reacting

Here’s how the industry is reacting to the historic event of Ethereum Merge:

Ethereum has officially completed its shift from PoW mechanism to PoS earlier today.

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Ethereum co-founder Vitalik Buterin congratulated the Ehtereum community saying, “Everyone who helped make the merge happen should feel very proud today.”

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Ethereum researcher Justin Drake said that the merge will reduce worldwide electricity consumption by 0.2%.

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Stefan Rust, former Blockchain.com CEO said, “the merge is very big news for crypto and it is also increasingly big news for the wider world”.

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Cardano founder Charles Hoskinson said that merge is “the hardest thing that has ever been done in the cryptocurrency space.”

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Binance CEO CZ tweeted, “Merge successful. POS activated. We are all still here."

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Ethereum is now expected to consume 99.9% or so less energy.

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