News > ‘Happy Merge All’: Vitalik Buterin Officially Confirms Arrival of Ethereum’s Upgrade

‘Happy Merge All’: Vitalik Buterin Officially Confirms Arrival of Ethereum’s Upgrade

Clicknow | 15/09/2022 03:51 PM | Click to read full article

The ‘Merge’ — the much-awaited upgrade to the Ethereum blockchain — was finally completed on September 15, marking a historic milestone in the blockchain and crypto industries.

Essentially, now the Ethereum blockchain has transitioned to an energy-efficient ‘proof-of-stake (POS)’ mining model from its previous, power-intensive ‘proof-of-work (POW)’ mining model.

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