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A Remarkable Day For Cryptocurrency As Ethereum Merges To Proof-of-stake (PoS) The network has officially switched over to proof-of-stake (PoS) as a result of the Ethereum Merge. According to the Ethereum Foundation, the Merge will increase the Ethereum network's energy efficiency by 99.95%. The long-awaited Merge took place on September 15 at 06:42:42 UTC at block 15537393, merging the Beacon Chain's consensus layer and the Ethereum Mainnet execution layer.

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