BREAKING: Ethereum (ETH) Merge Is Successfully Complete

Ethereum ETH/USD has now officially transitioned to a proof-of-stake network.

What Happened: The Ethereum blockchain successfully completed the Merge to PoS on Thursday at 2:50 a.m. EDT.

The highly anticipated event marks the biggest shift in the blockchain industry and the end of mining Ethereum. 


The Merge took place at a block height of 15537393 when the required level of Total Terminal Difficulty was reached. 

The transition to Proof-of-Stake means the network will be significantly more energy efficient than it was during its proof-of-work era. The Ethereum Foundation estimates that the shift will bring about a 99.95% reduction in its energy consumption.

Price Action: At press time, ETH was trading at $1,607, down 0.67% over the last 24 hours, as per data from Benzinga Pro.

Market News and Data brought to you by Benzinga APIs
Posted In: CryptocurrencyNewsTop StoriesMarketsEthereumproof-of-stakeProof-Of-WorkVitalik Buterin
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!