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Around 7:00 a.m. UTC on September 15, Ethereum’s Merge upgrade was completed, which means that the Ethereum network is now only using proof-of-stake (PoS) consensus.
The consensus and execution layers have been merged which means Ethereum is now a full Proof of Stake network!
— sassal.eth 🦇🔊 (@sassal0x) September 15, 2022
A heartfelt thank you to all the people that made this happen – your names will be forever etched in the history books of Ethereum.
The Merge is here 🐼 pic.twitter.com/WYGEPIbUe7
Ethereum creator Vitalik Buterin called this successful upgrade “a big moment for the Ethereum ecosystem”:
And we finalized!
— vitalik.eth (@VitalikButerin) September 15, 2022
Happy merge all. This is a big moment for the Ethereum ecosystem. Everyone who helped make the merge happen should feel very proud today.
Martin Köppelmann, who is the Co-Founder and CEO of Gnosis commented on how stable the Ethereum network is post Merge:
The block times of the last 100 blocks!
— Martin Köppelmann 🇺🇦 (@koeppelmann) September 15, 2022
Amazing stability after the merge! Only 1 missed block.
This is really the best case scenario! pic.twitter.com/dV1PF70vCL
Joseph Lubin, Co-Founder of Ethereum Foundation and Founder of ConsenSys, congratulated the Ethereum community:
And here's to the developers, client teams, researchers, and educators for their dedication to this major milestone. 👏 @benjaminion_xyz @mkalinin2 @ajsutton for educating so many, researching the Merge spec, and building @Teku_ConsenSys
— Joseph Lubin (@ethereumJoseph) September 15, 2022
Binance tweeted that $ETH deposits and withdrawals had been resumed:
The Ethereum Merge is complete. Proof-of-Stake is live. $ETH mainnet deposits and withdrawals are now resumed on #Binance.
— Binance (@binance) September 15, 2022
According to data by TradingView, on crypto exchange Bitstamp, minutes after the merge (around 7:20 a.m. UTC on September 15), ETH-USD had surged to $1,652. Currently (as of 8:12 a.m. UTC), ETH-USD is trading around $1,624.
One hour after the Merge was completed, one of the co-founders of RoverX posted this photo of Merge celebration in Bengaluru, India:
This is awesome!!
— sassal.eth 🦇🔊 (@sassal0x) September 15, 2022